Alibaba Group Holding Limited (BABA) : The consensus on Alibaba Group Holding Limited (BABA) based on 16 analyst recommendation on the company stock is 1.28, 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. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 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) : The highest level Alibaba Group Holding Limited (BABA) is projected to reach is $132 for the short term and the lowest estimate is at $81. The consolidated price target from 21 rating analysts who initiate coverage on the stock is $103.67 and the possibility the share price can swing is $12.13.
Also, Brokerage firm JP Morgan assumes its rating on Alibaba Group Holding Limited (NYSE:BABA). The shares have been rated Overweight. The rating by the firm was issued on August 31, 2016.
Alibaba Group Holding Limited (NYSE:BABA): After opening at $102.62, the stock dipped to an intraday low of $102.53 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $104.48 and the buying power remained strong till the end. The stock closed at $104.45 for the day, a gain of 2.00% for the day session. The total traded volume was 20,841,027. The stocks close on the previous trading day was $102.4.
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).