Alibaba Group Holding Ltd (NYSE:BABA) is one of the best falling stocks to invest in, according to analysts. On June 16, Goldman Sachs touted Alibaba Group Holding Ltd (NYSE:BABA) as one of its preferred China internet stocks heading into the second half of the year.
According to the investment bank, the company is well-positioned to benefit from stabilizing consumption trends and expectations of an earnings recovery heading into year-end. It flagged Alibaba as its top pick in China’s burgeoning cloud and data center sub-sector.
Goldman Sachs insists Alibaba’s earnings-per-share downgrade cycle is nearing a bottom. Consequently, any bounce back is expected to be a catalyst for share price support and an inflection for the remainder of the year.
Meanwhile, Chinese authorities have come to the defense of Alibaba and Chinese tech giants after they were added to the Pentagon’s list of firms allegedly supporting the country’s military. China’s Commerce Ministry firmly opposes the move and has urged Washington to reverse the decision.
Alibaba Group Holding Ltd (NYSE:BABA) is a massive global technology company that dominates the digital economy through e-commerce, cloud computing, logistics, and digital media. Often described as the “Amazon of China,” it operates an expansive ecosystem of internet platforms that connect businesses and consumers worldwide.
While we acknowledge the risk and potential of BABA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BABA and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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