Outstanding success to TriPollar devices during the June Shopping Festival
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Рынки ищут повод для роста - Аналитики БКС Мир инвестиций
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December 21, 2020
Alibaba (NYSE:
BABA) stock has been relatively subdued through fiscal year 2020. BABA stock has trended higher by 23% during this period.
Source: BigTunaOnline / Shutterstock.com
JD.com (NASDAQ:
JD), which is a close peer, has out-performed, having surged by 132% for the same period. I believe that at a forward price-to-earnings-ratio of 25.3, BABA stock is an attractive long-term investment. At the same time, investors with a short-term horizon can trade BABA stock for potential upside in the next few months.
Before I discuss the upside triggers, it’s worth mentioning that BABA stock touched a high of $317 in October 2020. However, with China suspending