Why Is Alibaba Stock Down After Earnings?
In this video, I will talk about Alibaba (NYSE: BABA), review its recent earnings report, and talk about why the stock is down despite the company increasing its share repurchase program by $25 billion, bringing the total to $35 billion. This means the company could retire around 18% of its shares in the next three years.
*Stock prices used were from the trading day of Feb. 6, 2024. The video was published on Feb. 7, 2024.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€69.20
-0.570%
With 41 Buy predictions and 2 Sell predictions Alibaba Group Holding Ltd ADR is one of the favorites of our community.
As a result the target price of 109 € shows a very positive potential of 57.51% compared to the current price of 69.2 € for Alibaba Group Holding Ltd ADR.
