Alibaba Group Holding Limited (BABA) : 13 brokerage houses believe that Alibaba Group Holding Limited (BABA) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Alibaba Group Holding Limited (BABA). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 17 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.26.
Alibaba Group Holding Limited (BABA) : Average target price received by Alibaba Group Holding Limited (BABA) is $104.18 with an expected standard deviation of $12.08. The most aggressive target on the stock is $132, whereas the most downbeat target is $81. 22 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, JP Morgan assumes its ratings on Alibaba Group Holding Limited (NYSE:BABA). According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on August 31, 2016.
Alibaba Group Holding Limited (NYSE:BABA): stock was range-bound between the intraday low of $102.26 and the intraday high of $104 after having opened at $103.84 on Wednesdays session. The stock finally closed in the red at $103.84, a loss of -1.41%. The stock remained in the red for the whole trading day. The total traded volume was 15,758,762 shares. The stock failed to cross $104 in Wednesdays trading. The stocks closing price on Thursday was $103.78.
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).