5 Stocks with 50% Upside Potential According to Analysts

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1. Alibaba Group Holding Limited (NYSE:BABA)

Market Capitalization as of December 8: $183.50 Billion
Stock Upside Potential: 72%
Number of Hedge Fund Holders: 110

Alibaba Group Holding Limited (NYSE:BABA) is one of China’s largest internet companies, boasting a diversified business empire spanning various high-growth sectors. Alibaba Group Holding Limited (NYSE:BABA) is best known as an e-commerce heavyweight offering platform that connects merchants and customers to do business. 

Analysts rate Alibaba Group Holding Limited (NYSE:BABA) as a Strong Buy with a $124.74 price target, implying a 72% upside potential from current trading levels.

As of Q3 2023, Alibaba Group Holding Limited (NYSE:BABA) shares were held by 110 prominent hedge funds. Ken Fisher’s Fisher Asset Management was the largest hedge fund shareholder on record, with ownership of 3.85 million shares valued at $334.26 million.

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