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.
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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.