Morgan Stanley Maintains Alibaba Group Holding Ltd to Overweight with Price Target $130.60

Brokerage firm Morgan Stanley Maintains its rating on Alibaba Group Holding Ltd(NYSE:BABA). In a research note issued to the investors, the brokerage major Raises the price-target to $130.60 per share. The shares have been rated Overweight. The rating by Morgan Stanley was issued on Jun 28, 2016.

In a different note, On Jun 21, 2016, Goldman Sachs said it Maintains its rating on Alibaba Group Holding Ltd. In the research note, the firm Raises the price-target to $100.00 per share. The shares have been rated ‘Buy’ by the firm. On May 6, 2016, Credit Suisse said it Maintains its rating on Alibaba Group Holding Ltd. In the research note, the firm Raises the price-target to $96.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 25, 2016, Deutsche Bank said it Maintains its rating on Alibaba Group Holding Ltd. In the research note, the firm Raises the price-target to $91.00 per share. The shares have been rated ‘Buy’ by the firm. Needham said it Initiates Coverage on Alibaba Group Holding Ltd, according to a research note issued on Apr 15, 2016. The shares have been rated ‘Buy’ by the firm.

Alibaba Group Holding Ltd (BABA) made into the market gainers list on Fridays trading session with the shares advancing 0.15% or 0.12 points. Due to strong positive momentum, the stock ended at $79.65, which is also near the day’s high of $80.05. The stock began the session at $79.12 and the volume stood at 72,71,279 shares. The 52-week high of the shares is $86.42 and the 52 week low is $57.2. The company has a current market capitalization of $197,048 M and it has 2,47,39,27,900 shares in outstanding.

Alibaba Group Holding Ltd(BABA) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $3.75B. Analysts had an estimated revenue of $23.11B. Earnings per share were $0.47. Analysts had estimated an EPS of $3.58.

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).

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