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Alibaba Group Holding Ltd (NYSE:BABA) target price raised to $148.71, reported today by Vetr Inc.

Yesterday Alibaba Group Holding Ltd (NYSE:BABA) traded 2.09% higher at $143.29. The company’s 50-day moving average is $163.19 and its 200-day moving average is $132.96. The last stock close price is up 34.60% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 21,912,393 shares of the stock were exchanged, up from an average trading volume of 18,657,000

Alibaba Group Holding Ltd (NYSE:BABA) had its target price raised to $148.71 by Vetr Inc. in a report released 06/21/2017. The new target price indicates a possible upside of 0.04% based on the company's last stock close price.

Previously on 6/12/2017, Goldman Sachs Group Inc. The reported about Alibaba Group Holding Ltd (NYSE:BABA) raised the target price from $142.00 to $179.00. At the time, this indicated a possible upside of 0.28%.

See Chart Below

Alibaba Group Holding Ltd (NYSE:BABA)

Alibaba Group Holding Ltd has a 52 week low of $86.01 and a 52 week high of $179.10 with a P/E ratio of 60.08 The company’s market cap is currently $0.

In addition to Vetr Inc. reporting its target price, a total of 37 firms have reported on the stock. The consensus target price 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 0 firms rating the stock a sell.

About Alibaba Group Holding Ltd (NYSE:BABA)

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, 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 (China) and internationally. Its businesses consist of core commerce, cloud computing, mobile media and entertainment, and other innovation initiatives. Through investee affiliates, it also participates in the logistics and local services sectors. Retail commerce in China operated by the Company includes the China online commerce destination (Taobao Marketplace); the China third-party platform for brands and retailers (Tmall), and the sales and marketing platform for flash sales (Juhuasuan). Wholesale commerce in China operated by the Company includes the China domestic wholesale marketplace (1688.com) and the wholesale marketplace for global trade (Alibaba.com).

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