Vetr Inc. disclosed Alibaba Group Holding Ltd (NYSE:BABA), boosting its price target to $120.23 earlier today
- Updated: October 16, 2016
Reporting a potential upside of 0.14%, Vetr Inc. upped the price target of Alibaba Group Holding Ltd (NYSE:BABA) to $120.23
On 9/29/2016, Deutsche Bank released a statement about Alibaba Group Holding Ltd (NYSE:BABA) upped the target price from $109.00 to $138.00 that suggested an upside of 0.30%.
Having a price of $105.07, Alibaba Group Holding Ltd (NYSE:BABA) traded -0.29% lower on the day. With the last stock price up 17.44% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. BABA has recorded a 50-day average of $103.27 and a two hundred day average of $86.72. Trade Volume was down over the average, with 12,789,498 shares of BABA changing hands under the typical 17,151,000
Recent Performance Chart
Alibaba Group Holding Ltd has PE ratio of 36.10 with a one year low of $59.25 and a one year high of $109.87 and has a market capitalization of $0.
A total of 37 brokerages have issued a ratings update on Alibaba Group Holding Ltd. Thirteen brokerages rating the company a strong buy, nineteen brokerages rating the company a buy, four brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $95.80.
General Company Details For 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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