Alibaba stock rising on gains on China & Hong Kong policy easing: here is where to buy

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.

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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.