Alibaba Group Holding Limited (BABA) : Zacks Investment Research ranks Alibaba Group Holding Limited (BABA) as 3, which is a Hold recommendation. 12 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 4 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 1.42, which indicates as a Strong Buy.
Alibaba Group Holding Limited (BABA) : The highest short term price target forecast on Alibaba Group Holding Limited (BABA) is $131 and the lowest target price is $80. A total of 23 equity analysts are currently covering the company. The average price of all the analysts is $96.94 with a standard deviation of $11.07.
For the current week, the company shares have a recommendation consensus of Buy. Also, Credit Suisse assumes its view on Alibaba Group Holding Limited (NYSE:BABA) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Credit Suisse raises the price target from $110 per share to $114 per share on Alibaba Group Holding Limited. The rating by the firm was issued on July 20, 2016.
Alibaba Group Holding Limited (NYSE:BABA): The stock opened at $83.30 on Wednesday but the bulls could not build on the opening and the stock topped out at $83.84 for the day. The stock traded down to $83.17 during the day, due to lack of any buying support eventually closed down at $83.67 with a loss of -0.16% for the day. The stock had closed at $83.80 on the previous day. The total traded volume was 5,363,908 shares.
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).