A number of firms have modified their ratings and price targets on shares of Alibaba Group (NYSE: BABA) recently:
- 4/10/2024 – Alibaba Group had its price target lowered by analysts at Citigroup Inc. from $126.00 to $124.00. They now have a “buy” rating on the stock.
- 4/10/2024 – Alibaba Group had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $118.00 price target on the stock.
- 4/9/2024 – Alibaba Group had its price target lowered by analysts at JPMorgan Chase & Co. from $105.00 to $100.00. They now have an “overweight” rating on the stock.
- 4/9/2024 – Alibaba Group had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $85.00 price target on the stock.
- 3/27/2024 – Alibaba Group had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $95.00 price target on the stock.
- 2/27/2024 – Alibaba Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
Alibaba Group Stock Performance
NYSE BABA opened at $69.61 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average price is $73.33 and its two-hundred day moving average price is $76.10. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $102.50. The firm has a market capitalization of $176.64 billion, a P/E ratio of 12.84 and a beta of 0.47.
Alibaba Group (NYSE:BABA – Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The firm had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. During the same period last year, the company posted $2.44 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 7.97 EPS for the current year.
Hedge Funds Weigh In On Alibaba Group
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.
Featured Stories
- Five stocks we like better than Alibaba Group
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Silicon Motion Proves That AI in Motion Stays in Motion
- Earnings Per Share Calculator: How to Calculate EPS
- Undervalued UnitedHealth Group Won’t Be For Long
- Russell 2000 Index, How Investors Use it For Profitable Trading
- The 5 Stocks Most Sold By Insiders This Year
Receive News & Ratings for Alibaba Group Holding Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Limited and related companies with MarketBeat.com's FREE daily email newsletter.