19.53 % to Target, Barclays Reiterates ‘Buy’ Rating on Alibaba Group (NYSE:BABA) Shares Today

January 21, 2018 - By Dolores Ford

 19.53 % to Target, Barclays Reiterates ‘Buy’ Rating on Alibaba Group (NYSE:BABA) Shares Today

Alibaba Group (NYSE:BABA) Rating Reaffirmed

They currently have a $220.0 target price on Alibaba Group (NYSE:BABA). The target price by Barclays would suggest a potential upside of 19.53 % from the company’s close price. This has been revealed to clients and investors in a research note on 31 October.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Coverage

Among 37 analysts covering Alibaba (NYSE:BABA), 35 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba has $240.0 highest and $75 lowest target. $161.97’s average target is -12.00% below currents $184.05 stock price. Alibaba had 158 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Tuesday, August 15 with “Buy”. On Wednesday, August 26 the stock rating was maintained by M Partners with “Buy”. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Robert W. Baird on Friday, October 27. The stock has “Buy” rating by Needham on Friday, August 18. The firm has “Overweight” rating given on Thursday, August 13 by Atlantic Securities. The stock has “Hold” rating by TH Capital on Friday, August 14. RBC Capital Markets maintained the shares of BABA in report on Sunday, October 15 with “Buy” rating. On Thursday, August 13 the stock rating was upgraded by Vetr to “Buy”. The company was maintained on Wednesday, September 20 by Jefferies. The rating was maintained by Bank of America on Thursday, August 17 with “Buy”.

The stock decreased 0.19% or $0.35 during the last trading session, reaching $184.05. About 15.35M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since January 21, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on January, 23. They expect $1.45 EPS, up 33.03 % or $0.36 from last year’s $1.09 per share. BABA’s profit will be $3.72B for 31.73 P/E if the $1.45 EPS becomes a reality. After $1.02 actual EPS reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts 42.16 % EPS growth.

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce firm in the People's Republic of China and internationally. The company has market cap of $472.24 billion. The firm operates in four divisions: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. It has a 50.41 P/E ratio. It operates Taobao Marketplace, a mobile commerce destination; Tmall, a third-party platform for brands and retailers; Rural Taobao program that enables rural residents and businesses to sell agricultural products to urban consumers; Juhuasuan, a sales and marketing platform for flash sales; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Usnews.com which released: “Alibaba Is One of the Best Stocks to Buy for 2018” on January 08, 2018, also Fool.com with their article: “Why Alibaba Group Holding Ltd. Shares Doubled in 2017” published on January 08, 2018, Investorplace.com published: “Alibaba Group Holding Ltd Stock Needs Western Expansion” on January 11, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Investorplace.com and their article: “Outstanding Earnings Momentum Makes Alibaba Group Holding (BABA) a Strong Buy” published on January 19, 2018 as well as Usnews.com‘s news article titled: “Here’s How Alibaba Is Beating Google” with publication date: January 03, 2018.

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