A statement released earlier today by Deutsche Bank about Alibaba (NYSE:BABA) ups the target price to $138.00
- Updated: September 29, 2016
Showing a price of $106.16, Alibaba (NYSE:BABA) traded -2.71% lower on the day. The last stock price is up 25.49% from the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $99.78 and a two hundred day average of $84.31. Volume of trade was up over the average, with 20,304,016 shares of BABA changing hands over the typical 16,475,000
In a report issued 9/29/2016 Deutsche Bank raised the target of Alibaba (NYSE:BABA) from $109.00 to $138.00 indicating a potential upside of 0.30%.
Previously on 9/28/2016, Daiwa Capital reported about Alibaba (NYSE:BABA) bumped up the target price from $110.00 to $125.00 that suggested an upside of 0.15%.
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Alibaba has a one year low of $58.20 and a 52 week high of $109.87 with a P/E ratio of 37.48 BABA’s total market value is presently $0.
A total of 37 equity analysts have released a research note on the stock. Thirteen analysts rating the company a strong buy, nineteen brokerages rating the stock a buy, 4 firms rating the stock a hold, 1 equity analyst rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $95.80.
More About 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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