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.

Wall Street Analyst Weigh In

BABA has been the subject of several analyst reports. Mizuho decreased their target price on Alibaba Group from $180.00 to $160.00 in a research report on Monday, May 2nd. Citigroup decreased their target price on Alibaba Group from $176.00 to $172.00 and set a "buy" rating for the company in a research report on Tuesday, July 5th. JPMorgan Chase & Co. boosted their target price on Alibaba Group from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 5th. Deutsche Bank Aktiengesellschaft boosted their target price on Alibaba Group from $155.00 to $160.00 in a research report on Monday, August 8th. Finally, Truist Financial boosted their price objective on Alibaba Group from $132.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, May 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $166.53.

Alibaba Group Trading Down 1.6 %

Shares of Alibaba Group stock opened at $92.65 on Wednesday. Alibaba Group has a 12-month low of $73.28 and a 12-month high of $182.09. The stock has a market cap of $245.35 billion, a P/E ratio of 51.47, a P/E/G ratio of 1.58 and a beta of 0.58. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. The business's 50 day moving average is $104.89 and its 200-day moving average is $103.17.

Alibaba Group (NYSE:BABA - Get Rating) last announced its quarterly earnings data on Thursday, May 26th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $199.43 billion. During the same quarter in the prior year, the business posted $1.10 EPS. The business's 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.