Alibaba Group Holding Ltd (BABA) is Initiated by Needham to Buy, Price Target at $95

Alibaba Group Holding Ltd (BABA) was Initiated by Needham to “Buy” and the brokerage firm has set the Price Target at $95. Needham advised their investors in a research report released on Apr 15, 2016.

Many Wall Street Analysts have commented on Alibaba Group Holding Ltd. JP Morgan Initiated Alibaba Group Holding Ltd on Feb 23, 2016 to “Overweight”, Price Target of the shares are set at $90.Shares were Reiterated by MKM Partners on Feb 1, 2016 to “Buy” and Lowered the Price Target to $ 95 from a previous price target of $105 .Shares were Reiterated by Wedbush on Jan 29, 2016 to “Neutral” and Lowered the Price Target to $ 75 from a previous price target of $80 .

On the company’s financial health, Alibaba Group Holding Ltd reported $0.99 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.89. The company had revenue of $5333.00 million for the quarter, compared to analysts expectations of $5134.43 million. During the same quarter in the previous year, the company posted $0.81 EPS.

Alibaba Group Holding Ltd opened for trading at $78.07 and hit $78.589 on the upside on Monday, eventually ending the session at $77.71, with a gain of 0.31% or 0.24 points. The heightened volatility saw the trading volume jump to 78,96,503 shares. Company has a market cap of $193,925 M.

Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Retail marketplaces and services operated by the Company include the China online shopping destination (Taobao Marketplace); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from consumers through limited time discounted sales (Juhuasuan) and the global consumer marketplace targeting consumers around the world (AliExpress). Wholesale marketplaces operated by the Company include the online China wholesale marketplace ( and the online business-to-business marketplace that focuses on global trade among businesses from around the world (

Alibaba Group Holding Ltd

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