Shares of Alibaba Group closed yesterday at $99.58 . BABA has a 1-year high of $120 and a 1-year low of $82.81. The stock’s 50-day moving average is $105.93 and it’s 200-day moving average is $101.32.
On the ratings front, Alibaba Group has been the subject of a number of recent research reports. In a report published on January 12, analyst John Choi from Daiwa initiated coverage with a Buy rating on BABA and a price target of $130, which implies an upside of 30.5% from current levels. Separately, on December 10, Goldman Sachs` Piyush Mubayi maintained a Hold rating on Alibaba Group shares and has a price target of $104.
In total, 3 research analysts have assigned a Hold rating and 25 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 $99.58 which is 17.6% above where the stock closed yesterday.
