Forecast Of The Day: Alibaba’s China Commerce Marketing Services Revenue
What?
Trefis expects Alibaba’s (NYSE:BABA) China Commerce Marketing Services Revenue to rise from $35 billion in 2020 to levels of around $47 billion in 2021 and $51 billion in 2022.
Why?
- Down 40% In The Last 12 Months, Is Alibaba Stock Undervalued At $70 Per Share?
- Down 65% Since 2021, What’s Next for Alibaba Stock?
- With Regulatory Issues In The Rearview Mirror, Alibaba Appears Cheap At $90
- Alibaba Stock Looks Undervalued At $80 Per Share
- Alibaba Stock’s Low Relative Valuation, Strong Earnings Make It A Buy
- Do Recent Regulatory Developments Make Alibaba Stock A Buy?
We expect growth to be driven by an increasing shift of spending from physical stores to online shopping and also due to the company’s expanding product categories.
So What?
Although Alibaba stock has come under pressure, falling by about 13% year-to-date, due to the regulatory crackdown in China, we expect the company’s bread-and-butter e-commerce business to continue to expand at a rapid clip in the coming years.
See Our Complete Analysis For Alibaba
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