After a long hiatus in the dumps, Alibaba Group Holding Limited (NYSE:BABA) is coming back in view of some investors’ radars on the back of recent earnings announcements anddeals to further fortify its balance sheet.
While the company remains over 50% below its 5 year-ago valuation, with a P/E ratio in the teens and strong cashflow position, now may be the time to pick up the previously beleaguered shares, say analysts.
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