Mar 7, 2024
 in 
Hot Stocks 🔥

Alibaba Group Is Recommended A ‘Buy’ By Analysts

Name of opportunity: 👀

Alibaba Group 

Chance for profit: 💰

Analysts predict the price of Alibaba Group will increase from $73.95 to $111.42 in the next 12 months. This would mean that investors who bought $1000 in BABA might profit $545.51. Alibaba Group is currently in the news after leading funding rounds for several Chinese AI startups, most recently MiniMax. This indicates that the company is looking to invest in this space, and perhaps continue to innovate and grow its brands by integrating AI. 

How hot is this investment opportunity? 🔥🔥🔥

Alibaba Group is considered to be in ‘Excellent’ financial health by analysts, having US$128.84 billion revenue in the trailing twelve months. The company also has a healthy cash flow per share of $7.84 over the last twelve months.

Giant: 💪

While perhaps most well-known as an e-commerce company which sells to customers overseas as well as those based locally in China, Alibaba Group is a company that is also deeply involved in other sectors. The company’s work also sits within local consumer services, digital media and entertainment, logistics, cloud software, home electronics and technology research. Alibaba Group describes its three strategic areas as: “Consumption, Cloud and Globalization”. Since it was founded in 1999, it has grown to a hugely successful company that employs 235,216 as of last March. 

Which neme?: 🔍

‘Made in China’, ‘Top Stocks in AI’, ‘Big Tech’ and ‘Gaming’

Han Tan

Han Tan is Chief Market Analyst at Nemo.money, bringing over a decade of experience in financial markets as both a seasoned journalist and analyst. Known for his sharp insights into stocks, currencies, and commodities, Han has become a familiar face to national audiences through appearances on Bloomberg TV Malaysia, BFM 89.9, and NTV7 — earning him a trusted reputation in financial media. Before joining Nemo, Han served as Market Analyst at Exinity Group from 2019, where his commentary on macroeconomic trends and market-moving news was regularly featured by global outlets including Reuters, Bloomberg, CNN, BBC, and AFP. Today, Han brings that same clarity and depth to Nemo’s community, delivering content-led ideas that empower first-time investors to confidently navigate global markets.