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Alibaba: Massive Rally Stalls as Chinese Market Wavers - Time to Take Profits?

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Alibaba Group Holdings Ltd ADR ニュース

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Stocks Analysis by Investing.com (Alessandro Bergonzi) covering: Alibaba Group Holdings Ltd ADR. Read Investing.com (Alessandro Bergonzi)'s latest article on Investing.com

Analysts are divided on the stock's future, with some expecting a significant upside based on fundamentals.

In contrast, Michael Burry, known for his foresight, made a significant bet on China just before the last major bounceThe retail company's fortunes are closely tied to those of its home country. The fundamentals for growth are strong. According to InvestingPro's Fair Value analysis, the stock remains significantly undervalued, with an upside potential of 64.4% from its closing price of $109.68 on October 8.However, the 44 analysts surveyed by InvestingPro are decidedly more cautious, projecting a more modest upside, with an average target price set at $113.92 per share—only 3.6% higher than the current price.

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