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4 Reasons to Buy Alibaba Stock Like There's No Tomorrow
The Chinese e-commerce and cloud leader could head a lot higher.
Alibaba Group Holding (NYSE: BABA), the largest e-commerce and cloud company in China, might seem like a risky stock to buy amid the rising tariffs and intensifying trade wars. However, its stock has actually risen nearly 50% since the beginning of the year as it impressed investors with the stabilization of its e-commerce business and the growth of its cloud and AI platforms.
But even after that rally, Alibaba's stock remains nearly 60% below its all-time high from October 2020. Let's review four reasons Alibaba could head higher -- and why it's still worth buying.
Image source: Getty Images.
