Analysts see a 40% upside for Michael Burry’s largest stock bet
The post Analysts see a 40% upside for Michael Burry’s largest stock bet appeared on BitcoinEthereumNews.com. ⚈Analysts forecast a 38% average upside for Michael Burry’s top holding, Alibaba.⚈ Despite April’s 25% drop, BABA is still up over 42% year-to-date.⚈ 54 of 58 analysts rate the stock a ‘buy’ or ‘strong buy’ as of May 1. Michael Burry’s biggest holding, e-commerce and technology giant Alibaba (NYSE: BABA), has lost some of its luster in April as the Liberation Day announcement led the stock to plunge more than 25% in a week. Though the majority of discussions surrounding the trade war’s impact have focused on the U.S., it is undeniable that the tariffs are taking a toll on Chinese companies as well. Despite this, Wall Street analysts remain overwhelmingly bullish about BABA shares for the next year. On average, experts estimate that Alibaba stock is set to rally 37.96% to $164.77 over the next 12 months, while the highest prediction even foresees a 62.71% surge to $194.33, according to data retrieved by Finbold from the stock analysis network TradingView on May 1. BABA stock analyst consensus. Source: TradingView The latest analyst rating revisions shows that BABA’s equity has faced little reduction in bullishness following its most recent struggles. Specifically, Mizuho confirmed on March 28 that it considers Alibaba shares a ‘buy,’ with the potential to reach $170, 42% above the latest closing price of $119.43, within the next 52 weeks. Similarly, on April 8, Citi (NYSE: C) downgraded its price forecast by $1 from $170 to $169, while retaining the ‘buy’ rating. Wall Street remains uncertain despite Alibaba stock resilience Analysts have largely refrained from updating their forecasts for Alibaba in April, suggesting caution toward one of China’s most prominent companies. The lowest price target of $94.55 underscores that not all sentiment is bullish, though, overall, optimism remains strong. Still, though not universal, bullishness is overwhelming. Out of…
The post Analysts see a 40% upside for Michael Burry’s largest stock bet appeared on BitcoinEthereumNews.com.
⚈Analysts forecast a 38% average upside for Michael Burry’s top holding, Alibaba.⚈ Despite April’s 25% drop, BABA is still up over 42% year-to-date.⚈ 54 of 58 analysts rate the stock a ‘buy’ or ‘strong buy’ as of May 1. Michael Burry’s biggest holding, e-commerce and technology giant Alibaba (NYSE: BABA), has lost some of its luster in April as the Liberation Day announcement led the stock to plunge more than 25% in a week. Though the majority of discussions surrounding the trade war’s impact have focused on the U.S., it is undeniable that the tariffs are taking a toll on Chinese companies as well. Despite this, Wall Street analysts remain overwhelmingly bullish about BABA shares for the next year. On average, experts estimate that Alibaba stock is set to rally 37.96% to $164.77 over the next 12 months, while the highest prediction even foresees a 62.71% surge to $194.33, according to data retrieved by Finbold from the stock analysis network TradingView on May 1. BABA stock analyst consensus. Source: TradingView The latest analyst rating revisions shows that BABA’s equity has faced little reduction in bullishness following its most recent struggles. Specifically, Mizuho confirmed on March 28 that it considers Alibaba shares a ‘buy,’ with the potential to reach $170, 42% above the latest closing price of $119.43, within the next 52 weeks. Similarly, on April 8, Citi (NYSE: C) downgraded its price forecast by $1 from $170 to $169, while retaining the ‘buy’ rating. Wall Street remains uncertain despite Alibaba stock resilience Analysts have largely refrained from updating their forecasts for Alibaba in April, suggesting caution toward one of China’s most prominent companies. The lowest price target of $94.55 underscores that not all sentiment is bullish, though, overall, optimism remains strong. Still, though not universal, bullishness is overwhelming. Out of…
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