SR050321
2023-01-13

$Alibaba(BABA)$ 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. 🎯

Will Alibaba Become a Meme Stock?
[Key Points] Alibaba rose 49% since last November. The news on Ant Group - an affiliate of Alibaba- boosted Alibaba shares as Ant was approved to increase 10.5 billion capital. Cohen - the well-known meme stock leader - bought Alibaba and put forward cutsomized suggestion for Alibaba. [Topic] What's your target price for BABA's rally? Do you think Alibaba get out of the woods? Will Alibaba repeat GME and BBBY's feats?
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Comments

  • Lionel8383
    2023-01-14
    Lionel8383
    I got some at $104, then felt i didnt buy enough… so top up at $113 yesterday
    • SR050321ReplyLionel8383:Β 
      I was considering MU but at the end i bought pfizer first 😊
    • Lionel8383ReplySR050321:Β 
      The other one was nvidia, it was $145 and i was thinking but in the end no action taken
    • SR050321:Β 
      I was too scared, the bounce may be temporary, sometimes indeed i have to take some risk, πŸ˜…
  • Pilates
    2023-01-14
    Pilates
    The $80 pullback that didnt happen 😭😭
    • PilatesReplySR050321:Β 
      β€οΈβ€οΈπŸ™ŒπŸ»πŸ™ŒπŸ»
    • SR050321:Β 
      Yeah but i am happy for the investors who have confidence in BABA if it continue to accelerate πŸ‘
  • WendyDelia
    2023-01-13
    WendyDelia
    Great to predict BABA's trend to follow the HK Alibaba.
  • Upswing118
    2023-01-16
    Upswing118
    it may take some time to reach that level...but as in everything that rises must come down too [Facepalm]
    • SR050321:Β 
      Agree, thats why got risk, 😊
  • Cory2
    2023-01-16
    Cory2
    I held $Alibaba(BABA)$ two years ago - it went from $200+ to in the red so quickly. I should’ve set my stop losses πŸ€¦β€β™€οΈπŸ€¦β€β™€οΈ
    • SR050321:Β 
      Yeah this is the problem, loss too much already no heart to sell, lucky baba is not meme stock
  • JohnMitchell
    2023-01-13
    JohnMitchell
    Yeah I really hope BABA can continue to rise. Back to 200!
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