Is Most-Watched Stock Alibaba Group Holding Limited (BABA) Worth Betting on Now?
From Nasdaq:
Alibaba (BABA) is one of the most searched-for stocks on Zacks.com. With a +2.5% return over the past month, the stock faces questions on future direction despite a 1.9% gain in the Zacks Internet – Commerce industry.
Earnings estimate revisions are crucial for stock evaluation. Alibaba’s projected earnings show a steady performance, with a Zacks Rank #4 (Sell). The consensus sales estimate for the current quarter is $31.19 billion, with year-over-year changes of +2.9%.
Alibaba’s revenue growth forecast, last reported results, and surprise history are essential benchmarks. The company’s valuation, displaying a Zacks Value Style Score of A, indicates it may be trading at a discount to peers, making it intriguing to watch despite a Zacks Rank #4.
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