A statement released earlier today by Stifel about Alibaba (NYSE:BABA) raises the target price to $125.00
- Updated: September 21, 2016
In a report released on 9/22/2016 Stifel increased the stock price target of Alibaba (NYSE:BABA) from $104.00 to $125.00 reporting a possible upside of 0.18%.
Previously on Thursday September 01, 2016, Vetr Inc. released a statement about Alibaba (NYSE:BABA) increased the target price from $0.00 to $106.15. At the time, this indicated a possible upside of 0.09%.
Just yesterday Alibaba (NYSE:BABA) traded 4.48% higher at $106.00. Alibaba’s 50-day moving average is $96.45 and its 200-day moving average is $83.03. The last stock price is up 27.66% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 22,999,868 shares of BABA traded hands, up from an average trading volume of 15,719,900
Recent Performance Chart
Alibaba has 52 week low of $57.20 and a 52 week high of $106.19 with a P/E ratio of 37.59 and has a market cap of $0.
In addition to Stifel 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 brokers rating the stock a strong buy, 19 brokers rating the stock a buy, 4 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information 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).
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.