News Formal

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

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

Alibaba Group Holdings Ltd ADR News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

3 Undervalued Chinese Stocks Poised to Take Off Thanks to Beijing’s StimulusStocks Analysis by Investing.com (Alessandro Bergonzi) covering: NetEase Inc, Shanghai Shenzhen CSI 300, ZTO Express (Cayman) Inc, Huazhu Group Ltd. Read Investing.com (Alessandro Bergonzi)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Value investing vs. growth investing: Which is better in today’s market?Many investors think value will once again have its day — although they’ve been waiting on that day for quite some time.
Source: mercnews - 🏆 88. / 68 Read more »