Alibaba Group (NYSE:BABA) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday, November 13th. The brokerage presently has a $206.84 target price on the specialty retailer’s stock. Vetr‘s price target points to a potential upside of 18.46% from the company’s previous close.
Several other research analysts have also recently weighed in on BABA. Needham & Company LLC boosted their price objective on shares of Alibaba Group from $155.00 to $190.00 and gave the company a “buy” rating in a report on Friday, August 18th. Royal Bank Of Canada boosted their price objective on shares of Alibaba Group from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, August 18th. Bank of America boosted their price objective on shares of Alibaba Group from $180.00 to $193.00 and gave the company a “buy” rating in a report on Friday, August 18th. KeyCorp set a $182.00 target price on shares of Alibaba Group and gave the company an “overweight” rating in a research report on Friday, August 18th. Finally, BidaskClub upgraded shares of Alibaba Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Alibaba Group has an average rating of “Buy” and an average price target of $184.52.
Alibaba Group (NYSE BABA) opened at $174.61 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. The stock has a market cap of $453,529.16, a PE ratio of 51.48, a price-to-earnings-growth ratio of 1.34 and a beta of 2.54. Alibaba Group has a twelve month low of $86.01 and a twelve month high of $191.75.
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About Alibaba Group
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, 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 (China) and internationally.
To view Vetr’s full report, visit Vetr’s official website.
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