Stock Update (NYSE: BABA): Ant Financial Unveils China’s First Credit-Scoring System Using Online Data

(BUSINESS WIRE)–Ant Financial Services Group today introduced its credit-scoring service Sesame Credit, which leverages “big data” technology and customer behavior analytics to help make credit more available to millions of consumers across China.

Read more »Shares of Alibaba Group closed yesterday at $102.94 . BABA has a 1-year high of $120 and a 1-year low of $82.81. The stock’s 50-day moving average is $104.04 and it’s 200-day moving average is $101.32.

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 26.3% 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, 3 research analysts have assigned a Hold rating and 26 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 $102.94 which is 16.1% above where the stock closed yesterday.

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