Stock Update (NYSE:BABA): Alibaba Group Will Announce December Quarter 2014 Results on January 29, 2015

(BUSINESS WIRE)–Alibaba Group Holding Limited (NYSE:BABA) today announced that it will report its financial results for the quarter ended December 31, 2014 before the U.S. market opens on Thursday, January 29, 2015, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Hong Kong Time) the same day. Read more »

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.

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