Companies in the Services sector have received a lot of coverage today as analysts weigh in on Michael Kors (KORS) and Alibaba (BABA).
Michael Kors (KORS)
MKM Partners analyst Roxanne Meyer maintained a Hold rating on Michael Kors today and set a price target of $52. The company’s shares closed yesterday at $47.75, close to its 52-week low of $47.47.
According to TipRanks.com, Meyer is a 4-star analyst with an average return of 4.8% and a 59.5% success rate. Meyer covers the Services sector, focusing on stocks such as Burlington Stores, Urban Outfitters, and TJX Companies.
Michael Kors has an analyst consensus of Moderate Buy, with a price target consensus of $70.33, implying a 47.3% upside from current levels. In a report issued on November 7, Guggenheim also maintained a Hold rating on the stock.
.
See today’s analyst top recommended stocks >>
Alibaba (BABA)
MKM Partners analyst Rob Sanderson maintained a Buy rating on Alibaba today and set a price target of $245. The company’s shares closed yesterday at $142.82, close to its 52-week low of $130.06.
According to TipRanks.com, Sanderson is a 5-star analyst with an average return of 11.5% and a 54.5% success rate. Sanderson covers the Technology sector, focusing on stocks such as Alphabet Inc, Twitter, and Akamai.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alibaba with a $208.30 average price target, representing a 45.8% upside. In a report issued on October 29, Nomura also maintained a Buy rating on the stock with a $202 price target.
.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on BABA:
