Alibaba Group Holding Limited (BABA) : Analyst Rating Update

Alibaba Group Holding Limited (BABA) has an average broker rating of 1.42, which is interpreted as a Strong Buy, as rated by 18 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 4 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Alibaba Group Holding Limited (BABA) : Average target price received by Alibaba Group Holding Limited (BABA) is $94.93 with an expected standard deviation of $8.6. The most aggressive target on the stock is $112, whereas the most downbeat target is $80. 23 financial analysts are currently covering the stock.

Alibaba Group Holding Limited (NYSE:BABA): The stock opened at $78.47 on Wednesday but the bulls could not build on the opening and the stock topped out at $78.82 for the day. The stock traded down to $77.68 during the day, due to lack of any buying support eventually closed down at $78.64 with a loss of -0.42% for the day. The stock had closed at $78.97 on the previous day. The total traded volume was 7,737,637 shares.

Also, Morgan Stanley maintains its view on Alibaba Group Holding Limited (NYSE:BABA) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Morgan Stanley raises the price target from $119.3 per share to $130.6 per share on Alibaba Group Holding Limited. The rating by the firm was issued on June 28, 2016. The company shares have rallied 1.32% from its 1 Year high price. On Nov 5, 2015, the shares registered one year high at $86.42 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $78.08 and the 200 Day Moving Average price is recorded at $75.00.

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 ( and the online business-to-business marketplace that focuses on global trade among businesses from around the world (

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