BABA: Alibaba Group Announces December Quarter 2014 Results
(BUSINESS WIRE)–Alibaba Group Holding Limited (NYSE:BABA) today announced its financial results for the quarter ended December 31, 2014. Read more »
Shares of Alibaba Group closed yesterday at $98.45 . BABA has a 1-year high of $120 and a 1-year low of $82.81. The stock’s 50-day moving average is $103.77 and it’s 200-day moving average is $101.29.
On the ratings front, Alibaba Group (NYSE:BABA) has been the subject of a number of recent research reports. In a report issued on January 26, RBC analyst Mark Mahaney reiterated a Buy rating on BABA, with a price target of $130, which represents a potential upside of 32.0% from where the stock is currently trading. Separately, on January 23, Cantor Fitzgerald`s Youssef Squali maintained a Buy rating on the stock and has a price target of $110.
In total, 4 research analysts have assigned a Hold rating and 23 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $98.45 which is 17.0% above where the stock closed yesterday.