Alibaba's Q4 revenue increased 7% to $30.7bn, surpassing estimates, but shares fell due to mixed earnings.
Alibaba's Q4 revenue reached $30.7bn, up 7%, topping analyst estimates. However, shares fell due to mixed earnings. The e-commerce giant's stock has halved over the past five years, but with growth challenges, increased competition, and regulatory hurdles, it might represent a long-term buying opportunity. Analysts believe Alibaba's stock could potentially 10X over the next decade if it resolves its pressing issues.
May 18, 2024
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