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?

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Comment（69）

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  • Lionel8383
    ·2023-01-14
    TOP
    I got some at $104, then felt i didnt buy enough… so top up at $113 yesterday
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    • SR050321Replying toLionel8383: 
      I was considering MU but at the end i bought pfizer first 😊
      2023-01-16
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    • Lionel8383Replying toSR050321: 
      The other one was nvidia, it was $145 and i was thinking but in the end no action taken
      2023-01-14
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    • SR050321: 
      I was too scared, the bounce may be temporary, sometimes indeed i have to take some risk, 😅
      2023-01-14
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  • Pilates
    ·2023-01-14
    TOP
    The $80 pullback that didnt happen 😭😭
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    • PilatesReplying toSR050321: 
      ❤️❤️🙌🏻🙌🏻
      2023-01-14
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    • SR050321: 
      Yeah but i am happy for the investors who have confidence in BABA if it continue to accelerate 👍
      2023-01-14
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  • WendyDelia
    ·2023-01-13
    TOP
    Great to predict BABA's trend to follow the HK Alibaba.
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    • SR050321: 
      👍
      2023-01-14
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  • Upswing118
    ·2023-01-16
    TOP
    it may take some time to reach that level...but as in everything that rises must come down too [Facepalm]
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    • SR050321: 
      Agree, thats why got risk, 😊
      2023-01-16
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  • Cory2
    ·2023-01-16
    I held $Alibaba(BABA)$ two years ago - it went from $200+ to in the red so quickly. I should’ve set my stop losses 🤦‍♀️🤦‍♀️
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    • SR050321: 
      Yeah this is the problem, loss too much already no heart to sell, lucky baba is not meme stock
      2023-01-16
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  • JohnMitchell
    ·2023-01-13
    Yeah I really hope BABA can continue to rise. Back to 200!
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    • SR050321: 
      Yes pls 👍
      2023-01-16
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  • melson
    ·2023-01-16
    resistance zone, probably consolidating in a trading range
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    • melsonReplying toSR050321: 
      [Happy] [Salute]
      2023-01-16
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    • SR050321Replying tomelson: 
      Agree with u 👍
      2023-01-16
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    • melsonReplying toSR050321: 
      i would wait for it to pullback to around 100 before buying, which may not happen. i see baba is rebounding strongly, if it breaks out of 120, chase.
      2023-01-16
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  • Juiceyboi
    ·2023-01-15
    Other sitee are taking over alibaba. Can see why its dropping from an online shopper point of view
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    • SR050321: 
      Strong competition 💪
      2023-01-15
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  • LMSunshine
    ·2023-01-13
    Me too…wait till it went up🤦🏻‍♀️🤦🏻‍♀️🤦🏻‍♀️
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    • SR050321: 
      😁
      2023-01-13
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  • SPOT_ON
    ·2023-01-20
    load cheap now
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    • SR050321Replying toSPOT_ON: 
      Ok thank you 👍😊
      2023-01-20
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    • SPOT_ONReplying toSR050321: 
      looks like everytime if it retreated to 10x... it rally again... that's the thing.about stock market .. when the bull start to run.. many wait n wait until higher n higher.. until so high when they enter then it corrects
      2023-01-20
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    • SR050321: 
      What is good entry price ?
      2023-01-20
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  • Fionng88
    ·2023-01-16
    Thanks for sharing
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    • SR050321: 
      😍
      2023-01-16
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  • hellodarz888
    ·2023-01-13
    to bounce
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    • SR050321: 
      Yeah 👍
      2023-01-13
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  • SR050321
    ·2023-01-14
    @TigerStars forget to tag you for this article 😊🙏
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  • OldCat
    ·2023-01-13
    Thanks for sharing
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  • GarethTan
    ·2023-01-13
    [Miser] [Miser]
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  • GerryLoh
    ·2023-01-14
    good sharing thanks
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  • Kyesu
    ·2023-01-14
    Read and thanks
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  • TKY1978
    ·2023-01-16
    [Smile]
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  • FK1234
    ·2023-01-16
    💪
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  • Cing
    ·2023-01-16
    👍😊
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