Reported about 1 year ago
Alibaba stock (NYSE:BABA) shows signs of accelerating growth and increasing returns to shareholders, particularly through buybacks. Despite a history of underperformance, recent developments, such as a return to growth in FY2024 and positive outlook for FY2025, suggest a potential turnaround. With a low forward P/E ratio, strong profitability, and a focus on capital returns, analysts believe Alibaba stock has significant potential for upside, with a consensus rating of Strong Buy and an average price target implying a 39.2% increase.
Source: YAHOO