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Zacks Investment Research disclosed Alibaba Group Holding Ltd (NYSE:BABA), hiking its price target to $117.00 earlier today

Having a price of $102.27, Alibaba Group Holding Ltd (NYSE:BABA) traded -2.47% lower on the day. With the last close up 16.92% 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 $102.81 and a two hundred day average of $86.43. Trade Volume was down over the average, with 15,416,237 shares of BABA changing hands under the typical 16,908,500

Reporting a potential upside of 0.14%, Zacks Investment Research upped the price target of Alibaba Group Holding Ltd (NYSE:BABA) to $117.00

Recent Performance Chart

Alibaba Group Holding Ltd (NYSE:BABA)

Alibaba Group Holding Ltd has P/E ratio of 35.82 with a 52 week low of $59.25 and a one year high of $109.87 and has a total market value of $0.

A total of 37 equity analysts have released a ratings update on BABA. 13 firms rating the stock a strong buy, 19 firms rating the stock a buy, 4 firms rating the stock a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price 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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