A number of firms have modified their ratings and price targets on shares of Alibaba Group Holding Limited (NYSE: BABA) recently:

  • 10/20/2017 – Alibaba Group Holding Limited was given a new $182.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 10/20/2017 – Alibaba Group Holding Limited had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $205.00 price target on the stock.
  • 10/17/2017 – Alibaba Group Holding Limited was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Alibaba Group is a Chinese e-Commerce giant which caters mainly to its native market. The company’s fiscal first-quarter results exceeded the Zacks Consensus Estimate on revenues and earnings. Also, on a year to date basis, the stock has outperformed the industry it belongs to. Alibaba’s strong  core e-commerce business, its continued efforts to develop new products, international growth opportunities, strong financial positionand and growing cloud computing services are positives. However, macro headwinds, continued investments and increasing competition from Tencent Holdings and Baidu remain the overhangs.”
  • 10/16/2017 – Alibaba Group Holding Limited was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $202.18 price target on the stock.
  • 10/16/2017 – Alibaba Group Holding Limited had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $185.00 price target on the stock.
  • 10/16/2017 – Alibaba Group Holding Limited had its “buy” rating reaffirmed by analysts at Macquarie. They now have a $245.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/16/2017 – Alibaba Group Holding Limited had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $200.00 price target on the stock.
  • 10/12/2017 – Alibaba Group Holding Limited was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/10/2017 – Alibaba Group Holding Limited had its “buy” rating reaffirmed by analysts at HSBC Holdings plc. They now have a $204.00 price target on the stock, up previously from $184.00.
  • 10/9/2017 – Alibaba Group Holding Limited was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $200.00 price target on the stock. According to Zacks, “Alibaba Group is a Chinese e-Commerce giant which caters mainly to its native market. The company’s fiscal first-quarter results exceeded the Zacks Consensus Estimate on revenues and earnings. Also, on a year to date basis, the stock has outperformed the Zacks characterized Electronic Commerce industry. Alibaba’s strong  core e-commerce business, its continued efforts to develop new products, international growth opportunities, strong financial positionand and growing cloud computing services are positives. However, macro headwinds, continued investments and increasing competition from Tencent Holdings and Baidu remain the overhangs.”
  • 10/5/2017 – Alibaba Group Holding Limited had its “strong-buy” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 10/4/2017 – Alibaba Group Holding Limited was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $199.42 price target on the stock.
  • 10/3/2017 – Alibaba Group Holding Limited had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $220.00 price target on the stock.
  • 10/2/2017 – Alibaba Group Holding Limited had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $220.00 price target on the stock.
  • 10/1/2017 – Alibaba Group Holding Limited had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $190.00 price target on the stock.
  • 9/26/2017 – Alibaba Group Holding Limited was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $196.66 price target on the stock.
  • 9/26/2017 – Alibaba Group Holding Limited is now covered by analysts at Wells Fargo & Company. They set an “outperform” rating and a $225.00 price target on the stock.
  • 9/22/2017 – Alibaba Group Holding Limited is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating and a $213.00 price target on the stock.
  • 9/21/2017 – Alibaba Group Holding Limited had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $160.00 price target on the stock.
  • 9/12/2017 – Alibaba Group Holding Limited was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $193.24 price target on the stock.
  • 9/7/2017 – Alibaba Group Holding Limited had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $193.00 price target on the stock.
  • 9/7/2017 – Alibaba Group Holding Limited had its price target lowered by analysts at Deutsche Bank AG to $199.00. They now have a “buy” rating on the stock.
  • 9/6/2017 – Alibaba Group Holding Limited had its “buy” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $200.00 price target on the stock.
  • 9/6/2017 – Alibaba Group Holding Limited was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $190.25 price target on the stock.
  • 9/3/2017 – Alibaba Group Holding Limited had its price target raised by analysts at Oppenheimer Holdings, Inc. to $200.00. They now have an “outperform” rating on the stock.
  • 8/28/2017 – Alibaba Group Holding Limited was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $180.41 price target on the stock.
  • 8/25/2017 – Alibaba Group Holding Limited had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $190.00 price target on the stock, up previously from $165.00.

Alibaba Group Holding Limited (NYSE BABA) traded down 2.36% during midday trading on Monday, reaching $173.13. 17,524,909 shares of the company traded hands. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $184.70. The firm’s 50 day moving average price is $176.07 and its 200 day moving average price is $146.94. The firm has a market capitalization of $440.27 billion, a price-to-earnings ratio of 57.46 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last released its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. The business had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. During the same quarter in the prior year, the firm posted $0.74 EPS. On average, analysts expect that Alibaba Group Holding Limited will post $4.93 earnings per share for the current year.

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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