Alibaba (BABA) will be long term winner
Alibaba Group (BABA) currently trades at $186.84 and has fallen by 1% today. Alibaba dominates China’s e-commerce market, with 824 million users on mobile. The Chinese tech giant is also the leading cloud service provider in China with Alibaba Cloud.
Based on this information, investorsQ rates this stock 8 out of 10. We give it this rating based on current information. Alibaba is growing fast going into the coronavirus crisis, but the practice of social distancing will only make the company stronger as more people adopt online shopping. The high forecast for Alibaba Group is $2196.15 and the low is $1483.86. Notably, the company’s market cap is $501.13 with a 52 week high of $231.14 and a 52 week low of $147.95.