Here's the Megacap Stock Wall Street Thinks Will Skyrocket the Most Over the Next 12 Months
Many of the biggest stocks on the market are delivering sizzling gains this year. Nvidia has soared more than 160%. Meta Platforms' shares have jumped nearly 120%. Apple, Alphabet, Amazon, and Microsoft are all up more than 35%.
Many analysts aren't as excited about the huge stocks' near-term prospects. But there's another that they really like. Here's the megacap stock Wall Street thinks will skyrocket the most over the next 12 months.
Refinitiv recently surveyed 48 analysts who cover Chinese technology company Alibaba Group Holdings (NYSE: BABA). Twenty-nine of them recommend buying the stock. Another 18 analysts are even more bullish, rating Alibaba as a "strong buy." That leaves only one analyst who advises holding the stock.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
The stock is one of the favorites of our community with 41 Buy predictions and 2 Sell predictions.
With a target price of 109 € there is a hugely positive potential of 50.34% for Alibaba Group Holding Ltd ADR compared to the current price of 72.5 €.
