5 Best E-Commerce Stocks To Buy According to Analysts

3. Alibaba Group Holding Limited (NYSE:BABA)

Average Analyst Share Price Upside: 44.40%

Average Analyst Share Price Target: $104.49

Alibaba Group Holding Limited (NYSE:BABA) stands as a formidable force in the Chinese e-commerce realm, anchored by its flagship platform Alibaba.com, which ranks among the largest in the industry. Beyond its core e-commerce endeavors, Alibaba Group Holding Limited (NYSE:BABA) has diversified its investments across various sectors, including cloud computing, digital media, and entertainment.

In the fourth quarter of 2023, Alibaba Group Holding Limited (NYSE:BABA) attracted interest from 116 hedge funds, collectively holding positions valued at $3.587 billion. This marked an uptick from the previous quarter, where 110 funds held positions totaling $3.36 billion. Appaloosa Management LP emerged as the top shareholder in the company, boasting a position valued at $337.168 million.