From Nasdaq:

Alibaba’s stock has dropped 40% in the past year, but new factors may drive it higher in 2024. SoftBank has completed its divestment of Alibaba shares, booking a profit of $8.5 billion. Founder Jack Ma and Chairman Joe Tsai bet on Alibaba amid SoftBank’s exit, now the company’s largest shareholders. Alibaba’s stock is at a discount with a Strong Buy rating and 63.4% upside potential, making it an attractive investment.

Alibaba is a leader in China’s cloud computing market, with AI integration driving growth. The company also plans to unlock hidden value by managing its business units independently and has ambitious visions for its key business segments.

Analysts favor Alibaba with a Strong Buy rating, citing a 63.4% upside potential. The stock is trading at a discount compared to its five-year average and American counterparts. Alibaba’s cheap valuation has attracted investors in recent months despite regulatory and macroeconomic concerns.

Alibaba is poised for a turnaround, with new catalysts emerging to drive its stock higher. SoftBank’s complete divestment and regulatory improvements make the company attractively valued for long-term investors.



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