Analysts’ Top Services Picks: Chipotle (CMG), Alibaba (BABA)


There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Chipotle (CMG) and Alibaba (BABA) with bullish sentiments.

Chipotle (CMG)

KeyBanc analyst Eric Gonzalez maintained a Buy rating on Chipotle today and set a price target of $870.00. The company’s shares closed last Monday at $826.74, close to its 52-week high of $857.90.

According to TipRanks.com, Gonzalez is a 4-star analyst with an average return of 20.4% and a 72.0% success rate. Gonzalez covers the Services sector, focusing on stocks such as Restaurant Brands International, McDonald’s Corp, and Texas Roadhouse.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chipotle with a $779.55 average price target, implying a -6.1% downside from current levels. In a report issued on October 2, SunTrust Robinson also reiterated a Buy rating on the stock with a $900.00 price target.

See today’s analyst top recommended stocks >>

Alibaba (BABA)

In a report released today, Hans Chung from KeyBanc maintained a Buy rating on Alibaba, with a price target of $243.00. The company’s shares closed last Monday at $175.29.

According to TipRanks.com, Chung ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -11.8% and a 30.2% success rate. Chung covers the Technology sector, focusing on stocks such as CooTek (Cayman) Inc. Class A, Baidu Inc, and Iqiyi Inc.

Alibaba has an analyst consensus of Strong Buy, with a price target consensus of $223.60, implying a 29.3% upside from current levels. In a report issued on October 4, HSBC also reiterated a Buy rating on the stock with a $233.00 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:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts