Alibaba Group Holding Ltd 28% Potential Upside Now Implied by Oppenheimer

Alibaba Group Holding Ltd 28% Potential Upside Now Implied by Oppenheimer photo Alibaba Group Holding Ltd 28% Potential Upside Now Implied by Oppenheimer

Alibaba Group Limited is a holding company. In the near term, the target price could hit a high of $125 and a low of $ 80.



Alibaba Group Holding (NYSE:BABA) had its price target decreased by Evercore ISI from $95.00 to $86.00 in a research note issued to investors on Monday morning, Market Beat.com reports. The company has a market capitalization of $166.53 billion and a PE ratio of 25.60. Sanford C. Bernstein initiated coverage on shares of Alibaba Group Holding in a report on Thursday, May 21st. Morgan Stanley restated an overweight rating and set a $99.50 price target (down from $100.70) on shares of Alibaba Group Holding in a research note on Saturday, August 29th.

Most recently, Alibaba Group Holding Ltd (NYSE:BABA) reported earnings of $0.34 for the quarter ending on 2015-06-30. The brokerage now has an outperform rating on the stock.

Yet fears of a further share slide caused by China’s economic slowdown and the country’s recent stock market crash have rattled the small investors closest to Alibaba, which is headquartered in Hangzhou, capital of the eastern coastal province of Zhejiang.

Alibaba Group Holding (NYSE:BABA) last released its quarterly earnings data on Wednesday, August 12th. MKM Partners reaffirmed a “buy” rating and set a $115.00 price target on shares of Alibaba Group Holding in a research report on Tuesday, June 2nd. The company earned $3.27 billion during the quarter, compared to analysts’ expectations of $3.43 billion.

Shares in microblog platform Weibo Corp, retailer Haier Electronics Group Co Ltd, online video firm Youku Tudou Inc and mobile dating firm Momo Inc have underperformed the broader markets since Alibaba pumped cash into them. The average recommendation on the stock is still a buy, though analysts have reduced their stock targets, with the average now sitting at $90.35, according to a poll of 40 analysts on FactSet. Seven investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. On average, analysts forecast that Alibaba Group Holding will post $2.64 EPS for the current year. The Business provides wholesale and retail marketplaces accessible through both personal computer and interfaces that are cellular in the PRC and internationally. The aim is for Alibaba to evolve beyond commerce into content like movies and sports, to provide payment systems for its own trade and for others and to get technology like its homegrown operating system and its cloud computing service used more broadly.

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