After Falling 76%, is Alibaba Stock (NYSE:BABA) a Buy?
29 November 2022 - 06:18AM
TipRanks
Alibaba (NASDAQ: BABA) stock has declined by 41% over the past
year and about 76% from its all-time high level back in 2020.
It's not surprising that investors have sold off Alibaba with a
passion. In a high-tension geopolitical environment, international
stocks lose their appeal. Combine that with the lack of trust
attached to Chinese equities due to corporate governance issues and
the Chinese government's crackdown on big tech, and the perfect
storm for Alibaba quickly formed. However, with the stock still
trading near lows, investors should revisit Alibaba's investment
case. At this point, the potential reward could overshadow the
risks.
https://www.tipranks.com/news/article/after-falling-76-is-alibaba-stock-nysebaba-a-buy?utm_source=advfn.com&utm_medium=referral
Alibaba (NYSE:BABA)
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