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

  • 12/4/2017 – Alibaba Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $198.00 price target on the stock. According to Zacks, “Alibaba's solid growth in the company’s core e-commerce business, strong growth in metrics and international strength help it to generate significant revenues. Other drivers include strong mobile  strength. 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 position and growing cloud computing services are positives. However, macro headwinds, continued investments and increasing competition from Tencent Holdings and Baidu remain the overhangs.”
  • 11/29/2017 – Alibaba Group was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $209.21 price target on the stock.
  • 11/24/2017 – Alibaba Group 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 delivered strong fiscal second-quarter results driven by robust growth in core e-commerce business. Other drivers include strong mobile and international strength. 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 position and growing cloud computing services are positives. However, macro headwinds, continued investments and increasing competition from Tencent Holdings and Baidu remain the overhangs.”
  • 11/17/2017 – Alibaba Group was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $206.73 price target on the stock.
  • 11/13/2017 – Alibaba Group was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $206.84 price target on the stock.
  • 11/8/2017 – Alibaba Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $211.00 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 delivered strong fiscal second-quarter results driven by robust growth in core e-commerce business. Other drivers include strong mobile and international strength. 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 position and growing cloud computing services are positives. However, macro headwinds, continued investments and increasing competition from Tencent Holdings and Baidu remain the overhangs.”
  • 11/6/2017 – Alibaba Group had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $220.00 price target on the stock, up previously from $200.00.
  • 11/3/2017 – Alibaba Group had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $210.00 price target on the stock.
  • 11/3/2017 – Alibaba Group had its “buy” rating reaffirmed by analysts at KeyCorp.
  • 11/3/2017 – Alibaba Group had its price target raised by analysts at Robert W. Baird from $190.00 to $210.00. They now have an “outperform” rating on the stock.
  • 11/3/2017 – Alibaba Group had its price target raised by analysts at Needham & Company LLC from $190.00 to $215.00. They now have a “buy” rating on the stock.
  • 11/2/2017 – Alibaba Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/31/2017 – Alibaba Group had its price target raised by analysts at Barclays PLC from $200.00 to $220.00. They now have an “overweight” rating on the stock.
  • 10/30/2017 – Alibaba Group was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $197.98 price target on the stock.
  • 10/23/2017 – Alibaba Group was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 10/20/2017 – Alibaba Group had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $205.00 price target on the stock.
  • 10/20/2017 – Alibaba Group was given a new $182.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 10/17/2017 – Alibaba Group 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 had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $200.00 price target on the stock.
  • 10/16/2017 – Alibaba Group 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 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 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.
  • 10/12/2017 – Alibaba Group was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/10/2017 – Alibaba Group had its “buy” rating reaffirmed by analysts at . They now have a $204.00 price target on the stock, up previously from $184.00.
  • 10/9/2017 – Alibaba Group 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.”

Shares of Alibaba Group Holding Limited (NYSE BABA) opened at $168.96 on Wednesday. The firm has a market cap of $434,256.47, a price-to-earnings ratio of 49.29, a price-to-earnings-growth ratio of 1.28 and a beta of 2.52. Alibaba Group Holding Limited has a twelve month low of $86.01 and a twelve month high of $191.75. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21.

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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