Alibaba stock has been slowly regaining ground after declining since mid-October 2020.
The stock has been affected by a myriad of events including pressure by the US governments on Chinese companies operating in the USA. Alibaba has specifically been a target of investigation for its Cloud product which the US government is investigating for data-breach that would affect national security.
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To help stock investors interested in investing in Alibaba stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
Where to trade Alibaba stock
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What is Alibaba stock?
Alibaba stock is the stock of Alibaba Group Holding Limited and it trades on the Hong Kong Stock exchange under the symbol HKG: 9988. It also trades in the New York stock exchange under the symbol NYSE: BABA.
Alibaba Group Holding Limited, also known as Alibaba Group, is a multinational technology company that specializes in retail, internet, e-commerce, internet, and technology.
Alibaba runs the Alibaba.com eCommerce website.
Should I buy Alibaba stock (BABA) today?
If you are looking for a tech stock that has been on the decline but just started rising, then the Alibaba stock could be a good choice.
Nevertheless, there are still a number of factors that could result in a continuation of Alibaba stock dip; among them the pressure by the US on Chinese companies operating in the USA.
Alibaba stock price prediction
After a long bear market, the price of Alibaba stock is slowly gathering a bullish momentum and analysts believe it could be poised for a comeback in 2022.
Analysts have set their eyes on the price target of $130 before the end of February 2022.
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