Alibaba Group - BABA Stock Forecast, Price & News

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. The company operates Taobao Marketplace, a social commerce platform; Tmall, a third-party online and mobile commerce platform for brands and retailers; Alimama, a monetization platform; 1688.com and Alibaba.com, which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, Trendyol, and Daraz that are e-commerce platforms; and Tmall Global and Kaola, which are import e-commerce platforms. It also operates Lingshoutong that connects FMCG manufacturers and their distributors to small retailers; Cainiao Network logistic services platform; Ele.me, an on-demand delivery and local services platform; Koubei, a restaurant and local services guide platform; and Fliggy, an online travel platform. In addition, the company offers pay-for-performance, in-feed, and display marketing services; and Taobao Ad Network and Exchange, a real-time online bidding marketing exchange. Further, it provides elastic computing, database, storage, virtualization network, large-scale computing, security, management and application, big data analytics, machine learning platform, and Internet of Things services. Additionally, the company operates Youku, an online video platform; Alibaba Pictures and other content platforms that provide online videos, films, live events, news feeds, literature, music, and others; Amap, a mobile digital map, navigation, and real-time traffic information app; DingTalk, a business efficiency app; and Tmall Genie, an AI-enabled smart speaker. The company was incorporated in 1999 and is based in Hangzhou, the People's Republic of China.

Alibaba Group Stock Performance

Shares of BABA opened at $91.19 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.13. The firm has a market cap of $247.21 billion, a PE ratio of 50.66, a P/E/G ratio of 1.55 and a beta of 0.58. Alibaba Group has a 12 month low of $73.28 and a 12 month high of $198.45. The stock has a fifty day moving average price of $105.26 and a 200-day moving average price of $103.95.

Alibaba Group (NYSE:BABA - Get Rating) last announced its earnings results on Thursday, May 26th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.78. Alibaba Group had a return on equity of 10.03% and a net margin of 3.69%. The company had revenue of $204.05 billion for the quarter, compared to analyst estimates of $199.43 billion. During the same period in the prior year, the company posted $1.10 EPS. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. Equities research analysts predict that Alibaba Group will post 6.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BABA. Bank of America cut their price objective on Alibaba Group from $162.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, August 1st. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $115.00 to $130.00 in a report on Tuesday, July 19th. Truist Financial upped their target price on shares of Alibaba Group from $132.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, May 31st. JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, July 5th. Finally, HSBC dropped their price objective on Alibaba Group from $146.00 to $141.00 and set a "buy" rating on the stock in a research note on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $166.53.