Analyst Ratings For Alibaba Group Holding Ltd (NYSE:BABA)
Today, Goldman Sachs Group reiterated its Buy rating on Alibaba Group Holding Ltd (NYSE:BABA) with a price target of $247.00.
There are 28 Buy Ratings, 1 Strong Buy Ratings, no Sell Ratings, no Hold Ratings on the stock.
The current consensus rating on Alibaba Group Holding Ltd (NYSE:BABA) is Buy with a consensus target price of $232.9259 per share, a potential 42.76% upside.
Some recent analyst ratings include
- 10/3/2018-Alibaba Group Holding Ltd (NYSE:BABA) had its Buy rating reiterated by Goldman Sachs Group with a $247.00 price target
- 9/12/2018-Alibaba Group Holding Ltd (NYSE:BABA) has coverage initiated with a Buy ➝ Buy rating
About Alibaba Group Holding Ltd (NYSE:BABA)
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. It operates Taobao Marketplace, a mobile commerce destination; Tmall, a third-party platform for brands and retailers; Rural Taobao program that enables rural residents and businesses to sell agricultural products to urban consumers; Juhuasuan, a sales and marketing platform for flash sales; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; AliExpress, a consumer marketplace; and Hema, a proprietary grocery retail format. The company also provides pay-for-performance and display marketing services through its Alimama marketing technology platform; and Taobao Ad Network and Exchange, a real-time bidding online marketing exchange in China. In addition, it offers cloud computing services, including elastic computing, database, storage and content delivery network, large scale computing, security, and management and application services, as well as big data analytics and a machine learning platform through its Alibaba Cloud Computing platform; Web hosting and domain name registration services; and payment and escrow services, as well as develops and operates mobile Web browsers. The company provides its solutions primarily for businesses. Alibaba Group Holding Limited has strategic collaborations with Driscoll's and Thai Union/Chicken of the Sea to launch their food products to China; and a collaboration agreement with The Hong Kong Polytechnic University. The company was founded in 1999 and is based in Hangzhou, the People's Republic of China.
Recent Trading Activity for Alibaba Group Holding Ltd (NYSE:BABA)
Shares of Alibaba Group Holding Ltd closed the previous trading session at 162,78 up +2,58 1,61 % with 9464443 shares trading hands.