Alibaba Group Holding Limited (BABA) : The consensus on Alibaba Group Holding Limited (BABA) based on 18 analyst recommendation on the company stock is 1.42, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Alibaba Group Holding Limited (BABA) : 23 investment research analysts covering Alibaba Group Holding Limited (BABA) have an average price target of $96.94 for the near short term. The highest target price given by the Brokerage Firm to the stock is $131 and the lowest target is $80 for the short term. Analysts expect the variance to be within $11.07 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. 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 $92.14 and $91.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $92.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $91.77, notching a gain of 5.08% for the day. The total traded volume was 54,169,169 . The stock had closed at $87.33 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).