Alibaba Group Holding Limited (BABA) has been rated by 22 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $132 and the lowest price target forecast is $81. The average forecast of all the analysts is $104.18 and the expected standard deviation is $12.08.
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. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 1.28, which indicates as a Strong Buy.
Also, In the latest statement by the brokerage house, Goldman Sachs maintains its outlook on Alibaba Group Holding Limited (NYSE:BABA). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $104 per share to $120 per share. The rating by the firm was issued on August 12, 2016.
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 $97.30 and $97.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $98.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $97.42, notching a gain of 0.24% for the day. The total traded volume was 13,387,366 . The stock had closed at $97.19 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).