Alibaba Group Holding Ltd (NYSE:BABA) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Thursday. They currently have a $87.14 price target on the stock. Vetr‘s price objective would indicate a potential upside of 11.22% from the stock’s current price.
Shares of Alibaba Group Holding (NYSE:BABA) traded up 3.65% on Thursday, reaching $78.35. 26,968,572 shares of the company traded hands. The company has a market capitalization of $193.52 billion and a PE ratio of 18.33. The firm has a 50-day moving average price of $78.56 and a 200 day moving average price of $75.83. Alibaba Group Holding has a one year low of $57.20 and a one year high of $91.60.
Alibaba Group Holding (NYSE:BABA) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $3.61 by $3.14. During the same period in the previous year, the business posted $0.48 earnings per share. The firm earned $3.75 billion during the quarter, compared to analysts’ expectations of $23.12 billion. Equities analysts forecast that Alibaba Group Holding will post $20.86 EPS for the current fiscal year.
BABA has been the subject of a number of other research reports. Brean Capital reaffirmed a “buy” rating on shares of Alibaba Group Holding in a research note on Tuesday. Robert W. Baird reaffirmed an “outperform” rating and issued a $94.00 price target on shares of Alibaba Group Holding in a research note on Saturday, April 23rd. Deutsche Bank reaffirmed a “buy” rating and issued a $109.00 price target (up previously from $91.00) on shares of Alibaba Group Holding in a research note on Monday, April 25th. Zacks Investment Research lowered Alibaba Group Holding from a “hold” rating to a “sell” rating in a research note on Monday, April 25th. Finally, Needham & Company LLC began coverage on Alibaba Group Holding in a research note on Thursday, April 14th. They issued a “buy” rating and a $95.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-four have given a buy rating to the company’s stock. Alibaba Group Holding has an average rating of “Buy” and a consensus target price of $93.78.
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.
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