5 Best Undervalued Stocks To Buy Now According To The Media

4. Alibaba Group Holding Limited (NYSE:BABA)

No. Of Hedge Fund Investors: 110

Alibaba Group Holding Limited (NYSE:BABA) has undoubtedly fallen from its glory days. But many believe the stock has the ability to rebound. Ecommerce and public Cloud markets are expected to clock huge growth in the long term and Alibaba Group Holding Limited (NYSE:BABA) is positioned well to profit from this trend. Alibaba Group Holding Limited (NYSE:BABA) is also cutting its huge dependence on China by expanding into other markets.

Recently, CNBC reported that Alibaba Group Holding Limited (NYSE:BABA) has decided to overhaul its Cloud business, appointing industry veterans to key leadership positions. The report said Alibaba Group Holding Limited (NYSE:BABA) will focus on public cloud, hybrid cloud and cloud infrastructure.