Alibaba Stock: Why Earnings Make It a Buy Despite the Recent Dip
BABA(BABA) MarketBeat·2024-11-18 20:39
Most of the market is waking up to some discouraging price action from shares of Alibaba Group NYSE: BABA today; despite rallying by over 3% in the pre-market session, the stock quickly gave up its gains at the market open and got to a low of up to 2.5% declines during the day. The frustration is palpable as the company reported a blockbuster quarterly earnings report. Alibaba Group TodayBABAAlibaba Group$88.59 -1.99 (-2.20%) 52-Week Range$66.63▼$117.82Dividend Yield1.11%P/E Ratio17.97Price Target$114.53Ad ...