Billionaire Druckenmiller’s 5 Stocks Picks with Huge Upside Potential

4. Alibaba Group Holding Limited (NYSE:BABA)

Duquesne Capital’s Equity Stake: $26.67 Million
Share Price Upside Potential: 70.81%
Number of Hedge Fund Holders: 110

Alibaba Group Holding Limited (NYSE:BABA) is one billionaire Druckenmiller stock pick with tremendous upside potential that offers exposure to the Chinese internet landscape. The company is one of the largest e-commerce players, offering platforms that connect merchants with sellers. Alibaba Group Holding Limited (NYSE:BABA) also provides a cloud computing unit with storage, analytics, and cybersecurity solutions.

Alibaba Group Holding Limited (NYSE:BABA) has underperformed the overall market, down by about 17% for the year. Nevertheless, analysts rate it as a Buy with an average price target of $124.74, implying 70.81% upside potential. Alibaba Group Holding Limited (NYSE:BABA) is one of the new additions to Druckenmiller’s portfolio, with the acquisition of stakes worth $26.67 million in Q3 2023 accounting for 0.95% of the portfolio.

During Q3 2023, 110 out of the 910 hedge funds part of Insider Monkey’s database were Alibaba Group Holding Limited (NYSE:BABA)’s shareholders. Alibaba Group Holding Limited (NYSE:BABA)’s most significant investor during Q3 was Ken Fisher’s Fisher Asset Management as it owned $334 million worth of shares.

Follow Alibaba Group Holding Limited (NYSE:BABA)

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