Media coverage about Alibaba Group (NYSE:BABA) has trended positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alibaba Group earned a coverage optimism score of 0.27 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 46.2464185237179 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news articles that may have impacted Accern’s scoring:

Shares of Alibaba Group (NYSE:BABA) traded up $1.80 during midday trading on Friday, reaching $173.55. The company’s stock had a trading volume of 41,356,671 shares, compared to its average volume of 21,300,000. The stock has a market cap of $444,490.00, a P/E ratio of 50.45, a price-to-earnings-growth ratio of 1.31 and a beta of 2.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. Alibaba Group has a 12 month low of $86.01 and a 12 month high of $191.75.

BABA has been the topic of several research reports. Goldman Sachs Group restated a “buy” rating and issued a $208.00 target price (up previously from $200.00) on shares of Alibaba Group in a research report on Sunday, August 20th. Stifel Nicolaus increased their price target on Alibaba Group from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday, August 21st. Barclays set a $200.00 price target on Alibaba Group and gave the company an “overweight” rating in a report on Monday, August 21st. Atlantic Securities raised Alibaba Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $130.00 to $215.00 in a report on Tuesday, August 22nd. Finally, Vetr cut Alibaba Group from a “buy” rating to a “hold” rating and set a $178.60 price target for the company. in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $185.14.

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About Alibaba Group

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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