1 Growth Stock Down 63% to Buy Right Now
BABA(BABA) The Motley Fool·2024-10-09 20:00
The Chinese e-commerce and cloud giant still has a bright future.Alibaba (BABA -6.67%) is often considered a bellwether of China's economy. It owns the country's largest e-commerce marketplaces and top cloud platform, as well as brick-and-mortar stores, a logistics business, and digital media services.Alibaba has been a high-growth stock over the past decade. From fiscal 2014 to 2024 (which ended in March), its revenue expanded at a compound annual growth rate (CAGR) of 33% as its adjusted net income increa ...