This Discount on Alibaba Stock Won't Last Forever
This Discount on Alibaba Stock Won’t Last Forever InvestorPlace 17 hrs ago © Source: Kevin Chen Photography / Shutterstock.com Alibaba Group (BABA) headquarters sign located in Hangzhou China Fundamentally, the valuation assigned © Provided by InvestorPlace Alibaba Group (BABA) headquarters sign located in Hangzhou China Relative to Wall Street estimates for 2021 ( and Alibaba already has reported results for the first nine months) BABA stock trades at 22x earnings. Look out a year, after projected earnings per share growth of 15%, and the multiple drops to 19x. Back out Alibaba’...