Alibaba (BABA) Gets a Buy Rating from SunTrust Robinson
SunTrust Robinson analyst Youssef Squali maintained a Buy rating on Alibaba (BABA) on February 13 and set a price target of $212.00. The company’s shares closed last Monday at $219.63, close to its 52-week high of $231.14.
According to TipRanks.com, Squali is a top 25 analyst with an average return of 32.6% and a 75.4% success rate. Squali covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, ANGI Homeservices, and Uber Technologies.
Alibaba has an analyst consensus of Strong Buy, with a price target consensus of $259.00, which is a 17.1% upside from current levels. In a report issued on February 9, China Renaissance Securities (US) Inc. also maintained a Buy rating on the stock with a $270.00 price target.
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The company has a one-year high of $231.14 and a one-year low of $147.95. Currently, Alibaba has an average volume of 14.43M.
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