Is Alibaba Stock a No-Brainer Buy?
(NYSE: BABA), once a Chinese growth powerhouse, faced a turbulent period as revenue growth fell to an all-time low in the fiscal year ending March 31, 2023. As its financial performance deteriorated, Alibaba's stock price fell to lows unseen in recent years.
Still, the latest quarter shows glimmers of hope with a reacceleration of revenue growth and improved profitability across its divisions. Is the worst over for the company? And more importantly, is the stock a buy now?
This article will address those questions.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€107.20
2.680%
The stock is one of the favorites of our community with 51 Buy predictions and 2 Sell predictions.
With a target price of 109 € there is a slightly positive potential of 1.68% for Alibaba Group Holding Ltd ADR compared to the current price of 107.2 €.
