Why Alibaba Stock Climbed 32% in September
Alibaba (NYSE: BABA) was among the winners last night as the Chinese tech giant continued to benefit from investments in artificial intelligence, as investors increasingly see it as a winner in AI.
Additionally, Founder Jack Ma has returned to the company's headquarters, showing relations between him and Beijing have improved.
Overall, last month's gains were part of a broader momentum shift as investors seem to be moving back into Alibaba, after it was off-limits for several years due to the tech crackdown from Beijing and weak economic growth in China.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€133.20
-1.910%
The stock is one of the favorites of our community with 45 Buy predictions and 3 Sell predictions.
With a target price of 158 € there is a slightly positive potential of 18.62% for Alibaba Group Holding Ltd ADR compared to the current price of 133.2 €.
