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With Alibaba (NYSE:BABA) spreading its wings, the past year has been rewarding for shareholders. BABA stock has surged by 53% over the past year, backed by strong fundamental developments. I further believe that the stock is well positioned to touch $300 within the next 12 months. This implies an upside of 30% from current levels. This column will discuss the factors that will trigger sustained positive momentum for Alibaba stock. Alibaba Stock Will Cruise Past $300 in 2020 Source: testing / Shutterstock.com |
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