5 Most Promising Chinese Stocks According to Analysts

In this article, we will look at the 5 most promising Chinese stocks to buy now according to analysts. If you want to explore similar stocks, you can go to 10 Most Promising Chinese Stocks According to Analysts.

5. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 105

Average Upside Potential as of February 13: 32.20%

At the end of Q3 2022, 105 hedge funds were eager on Alibaba Group Holding Limited (NYSE:BABA) and disclosed positions worth $4.14 billion in the company.

Wall Street analysts see promising upside to Alibaba Group Holding Limited (NYSE:BABA). This January, Barclays analyst Jiong Shao raised his price target on Alibaba Group Holding Limited (NYSE:BABA) to $141 from $114 and maintained an Overweight rating on the shares.

Over the past 3 months, Alibaba Group Holding Limited (NYSE:BABA) has received 16 Buy ratings from Wall Street analysts and has an average price target of $138.53. The stock’s average price target represents an upside potential of 32.20% from current levels. Alibaba Group Holding Limited (NYSE:BABA) is one of analysts’ most promising Chinese stock picks.

As of December 31, Coatue Management is the largest shareholder in Alibaba Group Holding Limited (NYSE:BABA) and has a position worth $440.5 million in the company.

Here is what Polen Capital had to say about Alibaba Group Holding Limited (NYSE:BABA) in its third-quarter 2022 investor letter:

“Alibaba Group Holding Limited (NYSE:BABA) is the leading e-commerce company in China. The stock was weak over the quarter as they reported a quarterly revenue decline. The company has been heavily impacted by the continued covid-19 lockdowns throughout China and the aggressive rate increases and deteriorating outlook for China’s economy have weighed heavily on the stock. The share price has also been under pressure due to the U.S. Securities and Exchange Commission’s plans to delist Chinese tech stocks in 2024 if they do not provide access to audit files.”