Alibaba Stock Prediction Indicates Almost 19% Upside by Morgan Stanley Analyst

Sunday, 7 April 2024, 13:47

Explore the potential opportunity to buy Alibaba stock with an almost 19% growth projection according to a Morgan Stanley analyst. The article delves into the company's recent increase in share buybacks and the impact on its stock price, providing insights on the current market conditions and the financial strategies recommended by experts.
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Alibaba Stock Prediction Indicates Almost 19% Upside by Morgan Stanley Analyst

Share buyback bonanza

The analyst behind the somewhat askew recommendation/price target combination is the investment bank's Gary Yu. In early April, in a new research note, he reiterated his equal weight (read: hold) tag on Alibaba stock and $85 per American Depositary Share (ADS) price target. The latter is nearly 19% higher than the Asian tech giant's most recent closing ADS price.

Difficult past, uncertain future

Alibaba has had a rough few years, with the pandemic dragging out in China and the country's government making clear attempts to curb the company's power and influence. Meanwhile, management has (so far unrealized) plans to split into six separate businesses, so its future is rather hazy these days.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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