Kiwi_G
02-19

$Alibaba(BABA)$ 

The company’s stock has experienced a notable rise, currently trading at $126.90, with an intraday high of $129.80. This upward movement is partly attributed to China’s recent economic stimulus measures, which have bolstered investor confidence. 

Despite this growth, Alibaba’s valuation remains relatively modest, trading at 10.7 times forward earnings, which is significantly lower than some of its global peers. 

The upcoming earnings report will be pivotal in determining the stock’s trajectory. If Alibaba meets or exceeds analyst expectations, especially in light of China’s expanding e-commerce sector, the stock could experience a surge. Conversely, any shortfall might prompt a pullback as investors reassess their positions.

Given the current price-to-earnings (P/E) ratio of 54, which is within a reasonable valuation range, and the positive momentum from China’s economic policies, there is potential for the stock to surge post-earnings. However, market dynamics are complex, and outcomes can be influenced by various factors, including global economic conditions and investor sentiment.

AI + Policy Stimulus: Will Alibaba Head For $170?
Alibaba surged 4.59% and reached $147, a 52-week-high. Alibaba was gaining ground on Monday after the Chinese government said yesterday that it would implement a plan to boost consumer spending in the country. Will Alibaba fill last gap in November, 2021 and aim for $170? Will you chase the high?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Mig
    02-19
    Mig
    Good article @Kiwi_G . I'm bullish about BABA, still need to be ready and prepare for any market reaction.
Leave a comment
2
1