Should Investors Buy Alibaba Stock on the Dip?

By Parkev Tatevosian, CFA – May 16, 2024 at 6:00AM

NYSE: BABA

Alibaba Group

Market Cap

$177B

Today's Change

(-1.62%) -$1.29

Current Price

$78.34

Price as of May 31, 2024, 4:00 p.m. ET

Alibaba is accelerating revenue growth as strategic actions are taking hold.

Fool.com contributor Parkev Tatevosian answers if Alibaba (BABA -1.62%) stock is a buy.

*Stock prices used were the afternoon prices of May 13, 2024. The video was published on May 15, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.