Alibaba Group - BABA Stock Forecast, Price & News

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alibaba Group in the last year. There are currently 2 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BABA shares.
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21 Wall Street research analysts have issued 12-month target prices for Alibaba Group's stock. Their BABA share price forecasts range from $110.00 to $250.00. On average, they predict the company's share price to reach $163.42 in the next twelve months. This suggests a possible upside of 104.3% from the stock's current price.
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Alibaba Group's stock was trading at $118.79 at the beginning of 2022. Since then, BABA stock has decreased by 32.7% and is now trading at $79.99.
View the best growth stocks for 2022 here.

Alibaba Group saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 53,590,000 shares, an increase of 9.5% from the August 15th total of 48,940,000 shares. Based on an average daily trading volume, of 24,620,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.0% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
View our BABA earnings forecast.

Alibaba Group Holding Limited (NYSE:BABA) issued its earnings results on Thursday, August, 4th. The specialty retailer reported $1.40 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.57. The specialty retailer had revenue of $30.69 billion for the quarter, compared to analysts' expectations of $31.15 billion. Alibaba Group had a net margin of 3.69% and a trailing twelve-month return on equity of 10.03%.

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."

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 $79.99.

Alibaba Group (NYSE:BABA) has a market capitalization of $211.82 billion and generates $134.57 billion in revenue each year. The specialty retailer earns $9.82 billion in net income (profit) each year or $1.80 on an earnings per share basis.

The company employs 254,941 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.