Alibaba is a ecommerce company located in Hong Kong, which is part of the Technology sector, and is traded under the ticker BABA on the NYSE exchange.
Alibaba stock last closed at $81.00, down 0.82% from the previous day, and has decreased 21.81% in one year. It has underperformed other stocks in the Internet Retail industry by 0 percentage points. Alibaba stock is currently +39.63% from its 52-week low of $58.01, and -35.63% from its 52-week high of $125.84.
As of Mar 20, 2023, there are 20.91B BABA shares outstanding. The market capitalization of BABA is $211.73B. In the past 24 hours, 19.52M BABA shares were traded.
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After you have selected the best place to buy Alibaba stock, it's absolutely critical to research their stock before you buy, so you truly understand the risk as well as the upside.
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You can view all of the due diligence checks on BABA's stock page.
Investors use a variety of different financial metrics, analyses, models, and charts to gauge BABA's intrinsic value.
Using relative valuations measures:
You can do additional valuation research on BABA's stock here.
Out of 13 Equities analysts who research BABA, the consensus analyst rating on BABA is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Shyam Patil, a bottom 8% analyst from Susquehanna maintains BABA with a strong buy rating and lowers their BABA price target from $185.00 to $175.00, on Feb 28, 2023.
Maintaining a Strong Buy rating, Patil lowered his price target on Alibaba Group Holding Limited by 5.4% following the release of the company's Q3 2023 earnings report on 2023/02/23.
In spite of earlier weakness, trends are improving, the analyst told investors.
"Although pandemic and macro-related headwinds may continue to cause periods of softness in the near-term," Patil said he views Alibaba as the "main China e-commerce player" with a large secular growth opportunity.
For Q3 2023, Alibaba reported:
Management did not provide guidance in the press release or earnings call.
CEO Daniel Zhang commented, “We delivered a solid quarter despite softer demand and supply chain and logistics disruptions due to the impact of changes in COVID-19 measures.
“Looking ahead, we expect continued recovery in consumer sentiment and economic activity. We are focused on driving growth for our customers amid the competitive landscape, and creating sustainable, long-term value for our shareholders.”
Youssef Squali, a top 12% analyst from Truist Securities maintains BABA with a strong buy rating and raises their BABA price target from $120.00 to $130.00, on Feb 24, 2023.
Jiong Shao, a top 23% analyst from Barclays maintains BABA with a strong buy rating and raises their BABA price target from $114.00 to $141.00, on Jan 11, 2023.
Alicia Yap, a top 25% analyst from Citigroup maintains BABA with a strong buy rating and raises their BABA price target from $144.00 to $160.00, on Jan 10, 2023.
Gary Yu, a top 33% analyst from Morgan Stanley maintains BABA with a strong buy rating and raises their BABA price target from $100.00 to $150.00, on Jan 9, 2023.
You can dig deeper into what analysts are projecting on the Alibaba stock forecast page.
Last year, BABA earnings were $5.81B. During the past 5 year, BABA's earnings have grown by -10.94% per year. This was slower than the Internet Retail industry average of 0.17%.
Last year, BABA revenue was $125.48B. In the last five year, BABA's revenue has grown by 29.32% per year. This was slower than the Internet Retail industry average of 31.02%.
You can analyze BABA's earnings and revenue performance here.
Over the last year, executives and large shareholders at BABA have not bought or sold any shares.
Research more about who owns BABA shares here.
No, Alibaba doesn't provide an income stream by paying out dividends.
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Now that you own some BABA stock, you'll want to keep up with your new shares.
Start a watchlist to monitor your BABA stock.
To reiterate, here are the 6 steps you need to take to buy Alibaba stock right now:
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