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Shares of Alibaba Group Holding (NYSE: BABA) were flying higher on Wednesday. The company's stock gained 1.9% as of 1:50 p.m. ET, but rose as much as 5.5% earlier in the day. The move up comes as ...
BABA stock entered trade April 8 at $104.50 per share. That’s a market cap of $288.5 billion for a company that should have $131 billion in sales this year, almost 8% o Alibaba Stock: Witnessing ...
On Oct. 27, 2020, Alibaba's stock reached its record high of $312.87. That was a near five-bagger gain for its initial investors, and many analysts were convinced its stock could go even higher ...
Alibaba Group Holding Limited (NYSE:BABA) stock is trading lower Tuesday after the company reported its quarterly results. The Jack Ma co-founded e-commerce giant reported fiscal fourth-quarter ...
The company is facing many challenges, but the long-term outlook is bright
Alibaba's stock is arguably a buy for risk-tolerant growth investors. This might help: As it stands right now, analysts' consensus price target is more than 40% above the stock's present price.
For Alibaba, over the past 5 years, it's annualized stock performance is -13.4%, and if you assume that trend continues for another 5 years, you can expect a stock to trade at $40.81.
Alibaba stock gained 37% in the last 30 days. JD is up over 66%, Baidu 33% and PDD 65%. The upcoming holiday shopping season also poses a tailwind for e-commerce stocks.