2 Reasons to Be Bullish About Alibaba Stock

It’s been frustrating for investors in Alibaba (NYSE: BABA) stock. After peaking in 2020 at $306, it has gone nowhere but down, trading at just $77 as of writing. Most investors have avoided the stock as the company undergoes multiple internal and external challenges, including competition, slower growth, and geopolitical tensions.

Still, investors with a longer horizon might want to focus not only on the downsides but also the opportunities. Let’s focus today on the latter, pointing out two reasons to be optimistic about the company.

Image source: Getty Images.

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