Alibaba Group (BABA) Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alibaba Group in the last year. There are currently 1 hold rating, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BABA shares.
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15 Wall Street research analysts have issued 1 year target prices for Alibaba Group's shares. Their BABA share price forecasts range from $100.00 to $180.00. On average, they expect the company's stock price to reach $138.64 in the next twelve months. This suggests a possible upside of 57.0% from the stock's current price.
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Alibaba Group's stock was trading at $88.09 at the start of the year. Since then, BABA shares have increased by 0.2% and is now trading at $88.30.
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Alibaba Group saw a increase in short interest in August. As of August 31st, there was short interest totaling 41,260,000 shares, an increase of 7.5% from the August 15th total of 38,390,000 shares. Based on an average daily volume of 17,780,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.7% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
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Alibaba Group Holding Limited (NYSE:BABA) posted its quarterly earnings data on Thursday, August, 10th. The specialty retailer reported $17.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.59 by $2.78. The specialty retailer earned $234.16 billion during the quarter, compared to analysts' expectations of $224.75 billion. Alibaba Group had a net margin of 9.45% and a trailing twelve-month return on equity of 12.55%. Alibaba Group's revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 EPS.

ETFs with the largest weight of Alibaba Group (NYSE:BABA) stock in their portfolio include ProShares Online Retail ETF (ONLN), ProShares Long Online/Short Stores ETF (CLIX), Global X Emerging Markets Internet & Ecommerce ETF (EWEB), Invesco Golden Dragon China ETF (PGJ), First Trust International IPO ETF (FPXI), Columbia Emerging Markets Consumer ETF (ECON), FlexShares ESG & Climate Emerging Markets Core Index Fund (FEEM) and Global X Emerging Markets ETF (EMM).

173 employees have rated Alibaba Group Chief Executive Officer Daniel Yong Zhang on Glassdoor.com. Daniel Yong Zhang has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alibaba Group investors own include NVIDIA (NVDA), Micron Technology (MU), General Electric (GE), Netflix (NFLX), Tesla (TSLA), Walt Disney (DIS), PayPal (PYPL), Advanced Micro Devices (AMD) and Salesforce (CRM).

Alibaba Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "BABA."

Alibaba Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Citadel Advisors LLC (0.00%), BlackRock Inc. (0.20%), Goldman Sachs Group Inc. (0.00%), Dimensional Fund Advisors LP (0.15%), Fisher Asset Management LLC (0.15%) and Lazard Asset Management LLC (0.14%).

Shares of BABA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BABA stock can currently be purchased for approximately $88.30.

Alibaba Group (NYSE:BABA) has a market capitalization of $226.56 billion and generates $126.49 billion in revenue each year. The specialty retailer earns $10.60 billion in net income (profit) each year or $4.65 on an earnings per share basis.

The company employs 235,216 workers across the globe.

Alibaba Group's mailing address is 26/F TOWER ONE TIMES SQUARE 1 MATHESON ST. CAUSEWAY BAY, Hong Kong K3, . The official website for the company is www.alibabagroup.com. The specialty retailer can be reached via phone at 8657185022088, via email at investor@alibaba-inc.com, or via fax at 86-571-8526-9066.