Is Alibaba a good buy? What is the consensus and price targets
9/10/2024 08:49pm
**Alibaba's Current Standing**: Alibaba Group Holding Ltd ADR (BABA) is currently trading at $81.44. The stock has seen a 52-week range of $66.07 to $90.98, indicating a recent trading price that is 11.02% away from its 52-week high.
**Market Performance Insights**: Alibaba's stock has experienced a quarterly rise of 4.13% in its revenues compared to the same period in the previous year. The company has a total market capitalization of $176.01 billion and a workforce of 204,891 employees.
**Analyst Ratings and Price Targets**:
- The consensus rating for Alibaba is "Moderate Buy" with an average price target of $107.61. This suggests that analysts believe the stock has potential for growth from its current price.
- However, there are varying price target ranges from different analysts, with a high of $130.00 and a low of $85.00, indicating some divergence in opinions.
**Regulatory Clearances and Market Impact**:
- Alibaba has recently cleared a three-year regulatory antitrust scrutiny, which could positively impact its stock.
- The company's stock has seen an increase of 2.9% and a trading volume spike of 20% on a particular trading day, indicating a positive market reaction to company news.
**Technical Analysis Indicators**:
- Alibaba's stock has a 50-day moving average of $78.29 and a 200-day moving average of $76.71, with a change in price of +10.89% over the last 100 days.
- The trading volume over the last 100 days was 14,991,854, with a change of +15.64%.
**Conclusion**: Given the consensus rating, the average price target above the current trading price, and the recent positive regulatory news, Alibaba appears to be a stock with potential for growth. However, the wide range of price targets suggests that there are differing opinions on the stock's future performance. Investors should consider their risk tolerance and the potential for volatility when making a decision.