Alibaba Group Holding Limited (NYSE:BABA) has been rated by 23 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $119 and the lowest price target forecast is $80. The average forecast of all the analysts is $95.23 and the expected standard deviation is $9.33.
Other Equity analysts have also commented on the company shares. Major Brokerage house, Credit Suisse maintains its ratings on Alibaba Group Holding Limited (NYSE:BABA). In the latest research report, Credit Suisse raises the target price from $96 per share to $100 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on May 6, 2016.
Alibaba Group Holding Limited (NYSE:BABA): stock turned positive on Thursday. Though the stock opened at $79.16, the bulls momentum made the stock top out at $79.46 level for the day. The stock recorded a low of $78.55 and closed the trading day at $79.14, in the green by 0.52%. The total traded volume for the day was 8,279,464. The stock had closed at $78.73 in the previous days trading.
The company shares have dropped -7.64% from its 1 Year high price. On Nov 5, 2015, the shares registered one year high at $86.42 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $78.31 and the 200 Day Moving Average price is recorded at $75.42.
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 (1688.com) and the online business-to-business marketplace that focuses on global trade among businesses from around the world (Alibaba.com).