$Alibaba(BABA)$ share price opened at $111.99 on Jan. 9, 2023. The stock has a 52-week low of $58.01 and a high of $138.70. Analysts at Goldman Sachs have given the company a $138 price target.
I know competition is high, locally in China and overseas.
When i see this kind of company I always think profit margin is low, so they need to havehigh volume (High revenue) to get good net profit.
Analysts' consensus fair value for BABA stock is $134
While Alibaba dominates ecommerce and cloud computing services in China, Amazon dominates those industries in most other growing markets around the world. JD.com is one of Alibaba's primary domestic competitors in the ecommerce space.
I am quite interested in BABA, I was waiting it to dip more but seems already u turn [Facepalm] will see if can go below 100 again. π―
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