Stocks and Investing Stocks and Investing
Wed, January 8, 2025
Tue, January 7, 2025

Is It Worth Investing in Alibaba (BABA) Based on Wall Street's Bullish Views?


Published on 2025-01-07 11:21:34 - MSN
  Print publication without navigation

  • Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price,

The article discusses whether it is worth investing in Alibaba Group Holding Limited (BABA) based on Wall Street's bullish outlook. Despite a significant drop in its stock price, with a year-to-date decrease of 17.6%, analysts remain optimistic about Alibaba's future. The stock has received a strong Buy consensus with 16 Buy, 2 Hold, and 1 Sell ratings from analysts. The average price target suggests a potential 67.5% increase from its current price, indicating strong growth expectations. Factors contributing to this optimism include Alibaba's robust financial performance, with a 14% year-over-year revenue increase in the last quarter, and its strategic moves like the planned IPO of its Cainiao logistics unit. However, concerns such as regulatory scrutiny in China and competition from other tech giants like Pinduoduo and JD.com are also noted. The article suggests that while there are risks, the potential for significant returns makes Alibaba an attractive investment for those with a long-term perspective.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/topstocks/is-it-worth-investing-in-alibaba-baba-based-on-wall-street-s-bullish-views/ar-AA1x7gl1 ]
Contributing Sources