From Nasdaq: 2024-05-08 20:40:17

Alibaba is set to report Q4 FY’24 results, with estimated earnings of $1.42 per share and revenues of $30.5 billion, up 4% from last year. Competition in e-commerce and slow cloud growth are challenges faced by the company.

BABA stock has been underperforming, with a 65% decline in share price over the past three years compared to the S&P 500. Alibaba faces regulatory challenges, but its valuation is compelling at under 10x forward earnings.

Despite challenges, Alibaba is adapting its e-commerce strategy and has a favorable valuation compared to Amazon. Analysts estimate Alibaba’s valuation at $102 per share, suggesting considerable upside potential from the current price of $81 per share.



Read more at Nasdaq: Will Alibaba’s Cloud Business See A Turnaround In Q4?