What's Going On With Alibaba Cloud?
Once a rising star among Alibaba's (NYSE: BABA) diversified businesses, Alibaba Cloud has fallen from grace lately, with revenue growth coming to a halt.
And just when investors hoped that a complete spin-off of Alibaba Cloud from the group would rekindle growth and unlock shareholder value, the parent company's recent decision to cancel the spin-off further confused investors.
So, what's going on with the business? Let's explore that further.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€68.80
-1.150%
The stock is one of the favorites of our community with 58 Buy predictions and 2 Sell predictions.
With a target price of 98 € there is a positive potential of 42.44% for Alibaba Group Holding Ltd ADR compared to the current price of 68.8 €.
