Name of opportunity: 👀
Alibaba Group
Lower than expected revenue: 💵
The e-commerce giant shared its quarterly report today, and revealed that revenue was up 5% from the same period last year, at US$33,701 million. However, this was not as high as analysts had predicted, meaning that this could be the reason for the stock’s 2.53% price drop today.
How hot is this investment opportunity? 🔥🔥🔥
Check out Alibaba Group on our trading app to see the latest data. Analysts predict the price of Alibaba will increase from $88.12 to $109.64 in the next 12 months. If you invested $1000, you might profit $250.86.
A few reasons for the stock’s predicted growth might lie in the Q2 report, as some areas showed considerable development for the company. International e-commerce grew by 29%, suggesting the company’s reputation and popularity is growing overseas, beyond its headquarters in China. Alibaba suppliers partner with logistics companies in many different countries around the world to facilitate international shopping.
Alibaba Cloud grew by 7%, showing that the company’s continued investment in cloud computing technology and AI might be paying off. Alibaba Cloud was already considered to be the world’s third largest cloud provider in 2023, and cloud computing is becoming increasingly popular with companies
E-commerce and more: 🛍️
Alibaba Group Holding Ltd provides technology infrastructure and marketing platforms. The Company operates through seven segments: China Commerce including businesses like Taobao, Tmall and Freshippo, among others; International Commerce including international retail and wholesale commerce businesses such as Lazada and AliExpress; Local Consumer Services’ domestic and international one-stop-shop logistics services and supply chain management solutions; Cloud services; Digital Media and Entertainment; and Innovation Initiatives and Others.
Which neme?: 🔍
‘Gaming’, ‘Big Tech’, ‘Top Stocks in AI’, ‘Made in China’, ‘This Week’s Earnings’
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