BABA Stock Forecast: Why Alibaba’s Stock Has More Upside Potential
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary:
- Alibaba Group Holding’s stock has already posted a 3-month return of +29.04%. I still reiterate it as a buy.
- Digital advertising, cloud computing, Youku, and Lazada are all obvious long-term tailwinds that can notably boost BABA’s price.
- My-month PT for BABA is $200. This is reasonable. The average 12-month PT for BABA at TipRanks is $203.33.
- Alibaba making Youku the Netflix of China can be a major boost to Alibaba’s subscription revenue business.
- The 0% commission rate on Lazada means it will continue to rule Southeast Asia’s booming e-commerce industry.
Read The Full Premium Article
Subscribe to receive exclusive PREMIUM content here