BABA Market AnalysisHi Traders. BABA stock price has been plummeted for over two years, since the high around $320 on Oct 2020, right after the Covid-19 recovery was exactly when we notice BABA started dropping steadily.
Well, there are lots of reasons causing the overall Bearish sentiment on BABA, regulatory crackdown, Covid-19, tech crash, lockdown, antimonopoly, and what happened to the Founder recently too.
I intrinsic value of BABA is much worth much more than $80-100, i wouldn't call out the specific figures but let's see if BABA will recover in the coming half year - 1 year period.
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