Guys, Baba is one of the most undervalued stocks right now
but there is a reason: political tensions. If you are a long term investor, I am talking minimum 5 years, this is an easy buy.
Most analysts rate it as a strong buy and so would I. However, there are some headwinds in the short term.
Nevertheless, their earnings were not that bad during this period in which there was fear and, apparently, people were not spending that much.
I remind you Christmas is coming and most wealthy people are in China. Baba will benefit from christmas sales. Easily q4 beat.
Once they release q4 earnings, I am sure this will bounce back to 100. Easy buy if you know about fundamentals and are willing to take the risk. Upside potential is much higher than downside. I own many shares at 85. Stop loss at 60. Price target 150.
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