Are Analysts Bullish about Alibaba Group Holding Ltd (NYSE:BABA) after last week?

June 19, 2017 - By Kurt Siggers

 Are Analysts Bullish about Alibaba Group Holding Ltd (NYSE:BABA) after last week?

Alibaba Group Holding Ltd (NYSE:BABA) Ratings Coverage

Among 31 analysts covering Alibaba (NYSE:BABA), 29 have Buy rating, 1 Sell and 1 Hold. Therefore 94% are positive. Alibaba had 100 analyst reports since August 12, 2015 according to SRatingsIntel. M Partners maintained the shares of BABA in report on Wednesday, April 19 with “Buy” rating. Needham maintained Alibaba Group Holding Ltd (NYSE:BABA) on Tuesday, May 9 with “Buy” rating. As per Thursday, September 10, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating given on Friday, August 12 by Jefferies. On Friday, August 12 the stock rating was maintained by Suntrust Robinson with “Buy”. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, August 12. Needham maintained the shares of BABA in report on Thursday, October 20 with “Buy” rating. As per Friday, August 12, the company rating was maintained by Goldman Sachs. The firm has “Neutral” rating by Wedbush given on Wednesday, January 25. Deutsche Bank maintained Alibaba Group Holding Ltd (NYSE:BABA) on Thursday, September 29 with “Buy” rating. Below is a list of Alibaba Group Holding Ltd (NYSE:BABA) latest ratings and price target changes.

08/06/2017 Broker: Needham Rating: Buy Old Target: $140.00 New Target: $155.00 Maintain
25/05/2017 Broker: Bernstein Rating: Outperform Old Target: $130.00 New Target: $135.00 Target Up
23/05/2017 Broker: HSBC Rating: Buy Old Target: $125.00 New Target: $145.00 Target Up
23/05/2017 Broker: Oppenheimer Rating: Outperform Old Target: $130.00 New Target: $140.00 Target Up
11/05/2017 Broker: Barclays Capital Rating: Overweight Old Target: $130.00 New Target: $132.00 Target Up
09/05/2017 Broker: Needham Rating: Buy Old Target: $125.00 New Target: $135.00 Maintain
20/04/2017 Broker: Standpoint Research Old Rating: Buy New Rating: Reduce Downgrade
19/04/2017 Broker: M Partners Rating: Buy New Target: $130.00 Maintain
29/03/2017 Broker: Barclays Capital Rating: Overweight Initiate
25/01/2017 Broker: Wedbush Rating: Neutral Old Target: $90.00 New Target: $100.00 Maintain

About 11.29 million shares traded. Alibaba Group Holding Ltd (NYSE:BABA) has risen 57.33% since June 19, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

Alibaba Group Holding Limited is a holding company. The company has market cap of $356.55 billion. 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 and internationally. It has a 55.91 P/E ratio. The Company’s businesses consist of core commerce, cloud computing, mobile media and entertainment, and other innovation initiatives.

More notable recent Alibaba Group Holding Ltd (NYSE:BABA) news were published by: Seekingalpha.com which released: “3 Reasons Alibaba Wins” on June 06, 2017, also Reuters.com with their article: “Alibaba CFO says expects revenue growth of 45-49 percent in FY2018” published on June 08, 2017, Seekingalpha.com published: “Clash Of The Online Titans: Amazon Versus Alibaba” on June 14, 2017. More interesting news about Alibaba Group Holding Ltd (NYSE:BABA) were released by: Investorplace.com and their article: “Friday’s Vital Data: Facebook Inc (FB), Alibaba Group Holding Ltd (BABA) and …” published on June 16, 2017 as well as Nasdaq.com‘s news article titled: “Alibaba Group Holding Reaches Analyst Target Price” with publication date: June 09, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.