Alibaba Could Be a No-Brainer Buy in April
Stocks opened sharply lower on Thursday, following the official rollout of higher-than-expected U.S. tariffs on imports. There's no shortage of companies and consumers that will suffer from the inflationary pressures or rising input costs. However, there are some stocks likely to tumble in the aftermath of the new normal that should hold up better than the downticks suggest.
(NYSE: BABA) joined the majority of stocks opening lower on Thursday morning. On the surface, it makes sense. It's an e-commerce pioneer in China, one of the more prominent targets in the trade war. If you've ever bought from Chinese sites that offer eye-rubbing low prices, you have probably come across Temu, Shein, and Alibaba's own entry, AliExpress.
Reality is kinder than the knee-jerk reaction, though. Let's delve into why Alibaba could be a no-brainer buy following the tariff-related pullback in its stock price.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
The stock is one of the favorites of our community with 39 Buy predictions and 4 Sell predictions.
With a target price of 121 € there is a positive potential of 33.55% for Alibaba Group Holding Ltd ADR compared to the current price of 90.6 €.