A report released today by Stifel Nicolaus about Alibaba (NYSE:BABA) raises the target price to $125.00
- Updated: September 21, 2016
Yesterday Alibaba (NYSE:BABA) traded 4.48% higher at $106.00. The company’s 50-day moving average is $96.45 and its two hundred day average is $83.03. With the last stock price close up 27.66% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 22,999,868 shares of BABA traded, up from an avg. volume of 15,719,900
Stating as potential upside of 0.18%, Stifel Nicolaus bumped up the target of Alibaba (NYSE:BABA) to $125.00
Previously on 9/01/2016, Vetr Inc. released a statement on Alibaba (NYSE:BABA) upped the target price from $0.00 to $106.15. At the time, this indicated a possible upside of 0.09%.
With a total market value of $0, Alibaba has PE ratio of 37.59 with a 52 week low of $57.20 and a 52 week high of $106.19 .
In addition to Stifel Nicolaus reporting its stock price target, a total of 37 brokers have issued a research note on the company. The average stock price target is $95.80 with 13 firms rating the stock a strong buy, 19 firms rating the stock a buy, 4 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally zero brokerages rating the company a sell.
General Company Details For Alibaba (NYSE:BABA)
Alibaba Group Holding Limited is a holding company. The Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People's Republic of China (the PRC or China) and internationally. It operates through the provision of online and mobile commerce and related services segment. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Retail marketplaces and services operated by the Company include the China online shopping destination (Taobao Marketplace); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from consumers through limited time discounted sales (Juhuasuan), and the global consumer marketplace targeting consumers (AliExpress).
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