Alibaba Group Holding Limited (NYSE:BABA) : Average target price received by Alibaba Group Holding Limited (NYSE:BABA) is $94.93 with an expected standard deviation of $8.6. The most aggressive target on the stock is $112, whereas the most downbeat target is $80. 23 financial analysts are currently covering the stock.
Shares of Alibaba Group Holding Limited rose by 0.49% in the last five trading days and 3.7% for the last 4 weeks. Alibaba Group Holding Limited is up 1.02% in the last 3-month period. Year-to-Date the stock performance stands at -2.14%. Also, Major Brokerage house, Goldman Sachs maintains its ratings on Alibaba Group Holding Limited (NYSE:BABA). In the latest research report, Goldman Sachs raises the target price from $100 per share to $104 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 21, 2016.
Alibaba Group Holding Limited (NYSE:BABA) has an average broker rating of 1.42, which is interpreted as a Strong Buy, as rated by 18 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 4 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.
Alibaba Group Holding Limited (NYSE:BABA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.31 and $78.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.53, notching a gain of 1.91% for the day. The total traded volume was 12,485,338 . The stock had closed at $78.04 on the previous day.
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).