Alibaba stock price prediction for mid-2024 sees potential

Alibaba stock price prediction for mid-2024 sees potential consolidation between $75 and $85 per share, after recent volatility driven by mixed quarterly earnings and macroeconomic pressures. Institutional investor sentiment shows cautious optimism, with volume spikes on strong China retail data. Alibaba is trading at significantly lower valuation multiples compared to peers and its own historic averages. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Analysts project Alibaba stock price prediction will benefit from AI-driven product recommendations boosting average revenue per user in its e-commerce operations by 5–7% in FY