The 12-month target is $95.80 with 13 firms rating the stock a strong buy, 19 firms rating the company a buy, four firms rating the stock a hold, one firm rating the stock to underperform, and lastly zero firmsrating the company as sell.
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These analysts also forecasted Growth Estimates for the Current Quarter for BABA to be -80.7%.
To analyze a stock, one should look for Upgrades and Downgrades of a stock.
Today there are 2,495,276,000 shares in issue of Alibaba which are now trading at 91.77 which brings the business’s market capitalisation to 228.99B United States dollars.
Raymond James issued rating on the stock of Alibaba Group Holding Ltd (NYSE:BABA) in a research note issued to investors on Aug-12-16, the stock received “Upgrade” rating from Outperform to Strong Buy. Alibaba’s total revenue rose to CNY 32.15 billion, or $4.84 billion (approx Rs 32,500 crores), in the quarter ended June 30 from CNY 20.25 billion a year earlier. This price target is lower than the $103.15 price target from Wall Street analysts.
Alibaba’s solid financial performance was also evident by 1QFY17 Earnings before Interest, Tax and Amortization (EBITA), which clocked in at $2.50 billion, representing a hike of 38% against previous year’s same quarter. (NYSE:PM) is making big inroads in the Japanese tobacco market with its iQOS smokeless tobacco e-cigarettes, which could drive big revenues in a country with 20 million smokers.
Just yesterday Alibaba (NYSE:BABA) traded 5.59% higher at $91.77.
Morgan Stanley noted a target price of 130.6 on Alibaba’s shares.
JD.com, Inc. (JD) recently recorded 5.84 percent change and now at $24.65 is 26.35 percent away from its 52-week low and down -26.37 percent versus its peak. Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI) quarterly performance is 21.84% while its price to sale ratio is 1.87 and price to book ratio is 1.11. Gross margin was 31.6% in 2Q16, compared to 24.2% in 1Q16 and 32.3% in 2Q15. The Return on Equity (ROE) value stands at 35.5%. It has a past 5-day performance of 12.81 percent and trades at an average volume of 15.02M shares. Maximum potential price target is set at $51.00 however minimum achievable price target expected by analysts is $29.00. (NYSE:DDS) is $57.67 while analysts mean recommendation is 3.50.
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Non-GAAP diluted EPS was RMB4.90 (US$0.74), an increase of 33% year-over-year. The Stock now has a Weekly Volatility of 2.28% and Monthly Volatility of 1.80%. The Company operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online business-to-business marketplace; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
