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 $131 for the short term and the lowest estimate is at $81. The consolidated price target from 22 rating analysts who initiate coverage on the stock is $104.12 and the possibility the share price can swing is $11.93.
Alibaba Group Holding Limited has dropped 0.9% in the last five trading days, however, the shares have posted positive gains of 15.15% in the last 4 weeks. Alibaba Group Holding Limited is up 18.08% in the last 3-month period. Year-to-Date the stock performance stands at 17.87%. Alibaba Group Holding Limited (NYSE:BABA): stock turned positive on Tuesday. Though the stock opened at $95.59, the bulls momentum made the stock top out at $96.48 level for the day. The stock recorded a low of $95.41 and closed the trading day at $95.79, in the green by 0.15%. The total traded volume for the day was 9,646,480. The stock had closed at $95.65 in the previous days trading.
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).