Shares in tech player Alibaba (NYSE: BABA) have experienced a resurgence in price in the last few days.
Alibaba stock now appears to be firmly on the comeback trail, so we thought it would be helpful to pen an article explaining the key things you need to know.
Read on to discover what Alibaba is and what it does, its future investment prospects, and the best places to buy BABA stock.
How and where to buy Alibaba stock today
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What is Alibaba?
Founded in 1999 in Hangzhou, China by Jack Ma, it is is a Chinese multinational technology company that specialises in e-commerce, retail, Internet services, and technology.
The company has faced difficulties throughout the COVID-19 pandemic, though it now appears to be heading in the right direction once more.
Should I buy BABA shares?
With a rock-solid balance sheet, strong fundamentals and an experienced management team with a track record of delivering shareholder value, Alibaba could be a great buy ahead of accretive growth throughout the rest of 2021.
Just make sure you always conduct your own due diligence, because the worst kind of investor is an uninformed one. Markets can quickly turn against you, so even if it looks like you have made a smart move on paper, it doesn’t always work out this way.
BABA price target
Our team of analysts have given their Alibaba price prediction: a 12-month median target of $290, with a high of $350 and a low estimate of $240.
Expect there to be some volatility in the coming months until the impact of COVID-19 finally begins to relent and the bigger picture becomes clearer.