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.

Analysts Set New Price Targets

A number of brokerages have weighed in on BABA. The Goldman Sachs Group upped their price target on Alibaba Group from $163.00 to $167.00 in a research report on Monday, July 11th. Mizuho lowered their price target on Alibaba Group from $180.00 to $160.00 in a research report on Monday, May 2nd. JPMorgan Chase & Co. upped their price target on Alibaba Group from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, July 5th. Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and upped their price target for the company from $115.00 to $130.00 in a research report on Tuesday, July 19th. Finally, Barclays lowered their price target on Alibaba Group from $170.00 to $161.00 and set an "overweight" rating on the stock in a research report on Friday, May 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $166.53.

Alibaba Group Stock Up 2.6 %

BABA Stock opened at $94.87 on Friday. The stock's 50 day simple moving average is $105.24 and its 200 day simple moving average is $103.87. Alibaba Group has a fifty-two week low of $73.28 and a fifty-two week high of $192.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market cap of $257.18 billion, a P/E ratio of 52.59, a price-to-earnings-growth ratio of 1.53 and a beta of 0.58.

Alibaba Group (NYSE:BABA - Get Rating) last posted its earnings results on Thursday, May 26th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $204.05 billion for the quarter, compared to the consensus estimate of $199.43 billion. During the same quarter in the prior year, the business posted $1.10 earnings per share. The business's quarterly revenue was up 8.9% on a year-over-year basis. On average, research analysts expect that Alibaba Group will post 6.34 earnings per share for the current fiscal year.