BABA Stock Forecast: Why Alibaba Remains An Attractive Investment
This BABA stock forecast 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’s $2 billion purchase of Kaola further fortifiee its lead in China’s growing e-commerce.
- Kaola is China’s leading B2C shopping portal where Chinese customers purchase imported American and European-made luxury products.
- The push to cater more to the rich is a good reason to go long BABA. Recession or not, the rich can still buy anything they want.
- Alibaba is a buy because it remains dominant in China’s $723.1 billion/year retail e-commerce. This market will grow to $1.095 trillion by 2023.
- I Know First has a bullish one-year algorithmic score for BABA. Going long on this stock right now is the right thing to do.