Noteworthy Price Action: Does Alibaba Group Holding Ltd Have Any Gas After Today’s Significant Increase?

Noteworthy Price Action: Does Alibaba Group Holding Ltd Have Any Gas After Today's Significant Increase?

The stock of Alibaba Group Holding Ltd (NYSE:BABA) is a huge mover today! About 10.55 million shares traded hands. Alibaba Group Holding Ltd (NYSE:BABA) has risen 12.72% since April 13, 2016 and is uptrending. It has outperformed by 8.79% the S&P500.
The move comes after 8 months positive chart setup for the $218.02 billion company. It was reported on Nov, 15 by Barchart.com. We have $148.80 PT which if reached, will make NYSE:BABA worth $137.35B more.

Alibaba Group Holding Ltd (NYSE:BABA) Ratings Coverage

Out of 31 analysts covering Alibaba (NYSE:BABA), 30 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 97% are positive. Alibaba has been the topic of 87 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained it with “Buy” rating and $109 target price in Monday, April 25 report. The company was maintained on Wednesday, October 28 by Brean Capital. The rating was maintained by Axiom Capital on Wednesday, October 28 with “Buy”. The stock of Alibaba Group Holding Ltd (NYSE:BABA) earned “Overweight” rating by Atlantic Securities on Thursday, August 13. The company was maintained on Wednesday, August 26 by Cantor Fitzgerald. M Partners maintained Alibaba Group Holding Ltd (NYSE:BABA) on Wednesday, August 12 with “Buy” rating. Goldman Sachs maintained the shares of BABA in a report on Friday, August 12 with “Buy” rating. As per Friday, August 12, the company rating was maintained by Jefferies. Wedbush maintained it with “Neutral” rating and $75 target price in Friday, January 29 report. RBC Capital Markets maintained Alibaba Group Holding Ltd (NYSE:BABA) on Thursday, November 3 with “Outperform” rating.

According to Zacks Investment Research, “Alibaba Group Holding Limited operates online and mobile marketplaces in retail and wholesale trade, as well as cloud computing and other services. It provides technology and services to enable consumers, merchants, and other participants to conduct commerce in its ecosystem. The Company operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online business-to-business marketplace; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace. Alibaba Group Holding Limited is headquartered in Hangzhou, the People’s Republic of China.”

More important recent Alibaba Group Holding Ltd (NYSE:BABA) news were published by: Investorplace.com which released: “Tuesday’s Vital Data: Apple Inc. (AAPL), Alibaba Group Holding Ltd (BABA) and …” on November 15, 2016, also Profitconfidential.com published article titled: “Alibaba Group Holding Ltd: What Is Holding Back BABA Stock?”, Profitconfidential.com published: “Alibaba Group Holding Ltd: Why BABA Stock could Surge” on October 28, 2016. More interesting news about Alibaba Group Holding Ltd (NYSE:BABA) was released by: Investorplace.com and their article: “Alibaba Group Holding Ltd (BABA) Stock Is Much More Than Singles’ Day” with publication date: November 09, 2016.

BABA Company Profile

Alibaba Group Holding Limited, incorporated on June 28, 1999, is a holding company. The Firm is principally 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 (the PRC or China) and internationally. It operates through the provision of online and mobile commerce and related services segment. The Firm provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Retail marketplaces and services operated by the Company include the China online shopping destination (Taobao Marketplace); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from clients through limited time discounted sales (Juhuasuan), and the global consumer marketplace targeting clients around the world (AliExpress). Wholesale marketplaces operated by the Company include the online China wholesale marketplace (1688.com) and the online business-to-business marketplace that focuses on global trade among businesses from around the world (Alibaba.com).

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