In the past, Alibaba (NYSE: BABA) was often viewed as the Amazon (NASDAQ: AMZN) of China. But the stocks of the two companies have been on completely different paths over the past decade.
It also generates a lot of cash, which it has been using to buy back shares. If Alibaba were to trade at a similar valuation to Amazon, it would have close to 4 times upside, while if it grew to ...
However, that pullback might represent a golden buying opportunity for value-seeking investors. Alibaba grew rapidly in fiscal 2021 (which ended in March 2021) as the pandemic drove more consumers ...
In a report released today, Tsz Wang from DBS maintained a Buy rating on Alibaba (BABA – Research Report), with a price target of $109.00. The company’s shares closed yesterday at $80.54.
Citi analyst Alicia Yap maintained a Buy rating on Alibaba Group Holding Ltd. (9988 – Research Report) yesterday and set a price target of HK$137.00. The company’s shares closed today at HK$79.60.