Investment Analysts’ Weekly Ratings Changes for Alibaba Group (BABA)

Several analysts have recently updated their ratings and price targets for Alibaba Group (NYSE: BABA):

  • 2/14/2018 – Alibaba Group was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $208.51 price target on the stock.
  • 2/5/2018 – Alibaba Group had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $230.00 price target on the stock, up previously from $205.00.
  • 2/2/2018 – Alibaba Group had its price target raised by analysts at Raymond James Financial, Inc. to $240.00. They now have a “strong-buy” rating on the stock.
  • 2/2/2018 – Alibaba Group had its price target raised by analysts at MKM Partners to $260.00. They now have a “buy” rating on the stock.
  • 2/2/2018 – Alibaba Group had its price target raised by analysts at Stifel Nicolaus from $230.00 to $260.00. They now have a “buy” rating on the stock.
  • 2/1/2018 – Alibaba Group was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $217.30 price target on the stock.
  • 2/1/2018 – Alibaba Group had its price target raised by analysts at Robert W. Baird to $220.00. They now have an “outperform” rating on the stock.
  • 2/1/2018 – Alibaba Group had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $220.00 price target on the stock.
  • 2/1/2018 – Alibaba Group had its price target raised by analysts at Deutsche Bank AG to $218.00. They now have a “buy” rating on the stock.
  • 1/29/2018 – Alibaba Group was given a new $250.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 1/29/2018 – Alibaba Group had its price target raised by analysts at SunTrust Banks, Inc. from $210.00 to $240.00. They now have a “buy” rating on the stock.
  • 1/28/2018 – Alibaba Group had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $230.00 price target on the stock, up previously from $210.00. They wrote, “We remain Buy rated and raise our price target to $230. Key Points Expecting Strong Top-line Momentum: We forecast F3Q:18 revenue of ¥81.5B (53.0% y/y growth) which is above the Street’s ¥79.5B estimate (49.3% y/y), as we expect continued top- line momentum driven by investments in marketing, personalization, loyalty programs, product assortment, and a record Singles’ Day, which generated over $25B in GMV (+39% y/y). We note our revenue forecast for F3Q:18 includes an expected contribution of ~¥4.2B from the consolidation of Cainiao, which may not be reflected across all Street estimates. For the cloud business, we forecast 97% y/y revenue growth to ¥3.5B, reflecting both new customer growth and increasing spend share as higher-value added services become a larger percentage of the mix.””
  • 1/26/2018 – Alibaba Group had its price target raised by analysts at KeyCorp from $210.00 to $230.00. They now have an “overweight” rating on the stock.
  • 1/24/2018 – Alibaba Group had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $220.00 price target on the stock.
  • 1/23/2018 – Alibaba Group was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $213.25 price target on the stock.
  • 1/16/2018 – Alibaba Group had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $240.00 price target on the stock.
  • 1/9/2018 – Alibaba Group had its “buy” rating reaffirmed by analysts at Nomura. They now have a $219.00 price target on the stock, down previously from $221.00.
  • 1/3/2018 – Alibaba Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. Estimates have been going up ahead of the company's fiscal second quarter earnings release. The company has positive record of earnings surprises in recent quarters. Also, on a 12-month 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.”

Alibaba Group Holding Ltd (BABA) opened at $186.76 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $478,320.00, a PE ratio of 46.00, a PEG ratio of 1.45 and a beta of 2.58. Alibaba Group Holding Ltd has a 12 month low of $100.11 and a 12 month high of $206.20.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.08). The company had revenue of $12.76 billion for the quarter, compared to analyst estimates of $12.36 billion. Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. During the same period in the previous year, the firm posted $1.30 earnings per share. research analysts predict that Alibaba Group Holding Ltd will post 4.05 EPS for the current fiscal 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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