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 Price Performance

BABA Stock opened at $94.20 on Tuesday. The stock has a market cap of $249.45 billion, a price-to-earnings ratio of 52.33, a PEG ratio of 1.59 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 has a 50 day moving average price of $105.12 and a 200 day moving average price of $103.25. Alibaba Group has a fifty-two week low of $73.28 and a fifty-two week high of $186.26.

Alibaba Group (NYSE:BABA - Get Rating) last issued its quarterly earnings data 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 business had revenue of $204.05 billion for the quarter, compared to the consensus estimate of $199.43 billion. During the same period in the prior year, the business earned $1.10 earnings per share. The business's revenue was up 8.9% on a year-over-year basis. Equities research analysts anticipate that Alibaba Group will post 6.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BABA has been the topic of several research reports. Truist Financial boosted their target price on Alibaba Group from $132.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, May 31st. HSBC cut their price target on shares of Alibaba Group from $146.00 to $141.00 and set a "buy" rating on the stock in a research report on Tuesday, July 5th. Barclays dropped their price objective on shares of Alibaba Group from $170.00 to $161.00 and set an "overweight" rating on the stock in a research note on Friday, May 27th. JPMorgan Chase & Co. boosted their target price 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, The Goldman Sachs Group boosted their target price on Alibaba Group from $163.00 to $167.00 in a research report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $166.53.