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Needham issued a report on Alibaba (NYSE:BABA), upping its target price to $155.00 today

Just yesterday Alibaba (NYSE:BABA) traded -2.25% lower at $125.64. Alibaba’s 50-day moving average is $174.85 and its 200-day moving average is $143.96. The last stock price is down 25.41% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 0 shares of BABA traded hands, down from an average trading volume of 17,610,700

Alibaba (NYSE:BABA) had its target price upped to $155.00 by Needham in an issued report issued Thursday June 08, 2017. The upped price target indicates a possible upside of 0.23% based on the company's previous stock price.

Previously on 5/25/2017, Sanford C. Bernstein released a statement about Alibaba (NYSE:BABA) increased the target price from $130.00 to $135.00. At the time, this indicated a possible upside of 0.09%.

Recent Performance Chart

Alibaba (NYSE:BABA)

Alibaba has 52 week low of $86.01 and a 52 week high of $184.70 with a PE ratio of 59.92 and has a market capitalization of $0.

In addition to Needham reporting its stock price target, a total of 37 brokerages have issued a ratings update on the company. The average stock price target 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 (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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