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Why Alibaba Stock Soared Today

TheMotleyFool 
0 0 13.01.26
Why Alibaba Stock Soared Today: https://g.foolcdn.com/editorial/images/850869/baba-stylized-and-colorful-_alibaba-logo-on-hedge_alibaba.jpg
 

Shares of Alibaba Group (NYSE: BABA) leaped on Monday, following several positive developments for the Chinese commerce and cloud computing titan.

By the close of trading, Alibaba's stock price was up more than 10%.

Image source: Alibaba Group.

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Source Fool.com

Alibaba Group Holding Ltd ADR Stock

€137.00
-1.150%
We can see a decrease in the price for Alibaba Group Holding Ltd ADR. Compared to yesterday it has lost -€1.600 (-1.150%).
With 47 Buy predictions and not a single Sell prediction Alibaba Group Holding Ltd ADR is an absolute favorite of our community.
As a result the target price of 162 € shows a slightly positive potential of 18.25% compared to the current price of 137.0 € for Alibaba Group Holding Ltd ADR.
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