Daiwa Capital reported on Alibaba (NYSE:BABA), hiking its target to $125.00 earlier today
- Updated: September 27, 2016
Daiwa Capital bumped up the target of Alibaba (NYSE:BABA) to $125.00 stating a potential upside of 0.15%.
On Thursday September 22, 2016, Vetr Inc. released a statement for Alibaba (NYSE:BABA) bumped up the target price from $0.00 to $113.29 that suggested an upside of 0.07%.
Boasting a price of $108.26, Alibaba (NYSE:BABA) traded 0.00% even on the day. With the last stock price close up 28.68% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Alibaba has recorded a 50-day average of $99.11 and a two hundred day average of $84.13. Volume of trade was down over the average, with 50 shares of BABA changing hands under the typical 16,395,500
With a total market value of $0, Alibaba has price-earnings ratio of 38.35 with a one year low of $58.20 and a one year high of $109.76 .
A total of 37 equity analysts have released a research note on BABA. Thirteen equity analysts rating the company a strong buy, nineteen equity analysts rating the company a buy, four equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year 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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