A statement released earlier today by Vetr Inc. about Alibaba Group Holding Ltd (NYSE:BABA) bumps the target price to $113.29
- Updated: September 22, 2016
Vetr Inc. upped the price target of Alibaba Group Holding Ltd (NYSE:BABA) to $113.29 reporting a potential upside of 0.07%.
On 9/22/2016, Stifel Nicolaus released a statement on Alibaba Group Holding Ltd (NYSE:BABA) bumped up the target price from $104.00 to $125.00 that suggested an upside of 0.18%.
Boasting a price of $106.00, Alibaba Group Holding Ltd (NYSE:BABA) traded 4.48% higher on the day. With the last close up 27.66% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Alibaba Group Holding Ltd has recorded a 50-day average of $96.45 and a two hundred day average of $83.03. Volume of trade was up over the average, with 22,999,868 shares of BABA changing hands over the typical 15,719,900
With a total market value of $0, Alibaba Group Holding Ltd has price-earnings ratio of 37.59 with a one year low of $57.20 and a one year high of $106.19 .
A total of 37 analysts have released a research note on BABA. Thirteen analysts rating the company a strong buy, nineteen analysts rating the company a buy, four analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $95.80.
More About Alibaba Group Holding Ltd (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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