Alibaba Group Holding Ltd (BABA) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 125 from a previous price target of $104 . Stifel advised their investors in a research report released on Sep 22, 2016.
Many Wall Street Analysts have commented on Alibaba Group Holding Ltd. Alibaba Group Holding Ltd was Upgraded by Raymond James to ” Strong Buy” on Aug 12, 2016. Alibaba Group Holding Ltd was Upgraded by Macquarie to ” Outperform” on Aug 12, 2016. Company shares were Reiterated by RBC Capital Mkts on Aug 12, 2016 to “Outperform”, Firm has raised the Price Target to $ 110 from a previous price target of $105 .
On the company’s financial health, Alibaba Group Holding Ltd reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $0.63. The company had revenue of $4838.00 million for the quarter, compared to analysts expectations of $4567.45 million. During the same quarter in the previous year, the company posted $0.59 EPS.
Alibaba Group Holding Ltd closed down -1.58 points or -1.53% at $101.45 with 1,28,63,809 shares getting traded on Tuesday. Post opening the session at $102.94, the shares hit an intraday low of $100.93 and an intraday high of $103.73 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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).