However, the most encouraging sign in my view is the improving inventory d… According to 15 analysts, the average rating for BABA stock is “Strong Buy.” The 12-month stock price forecast is $111.86, which is an increase of 30.71% from the latest price. Alibaba is expected to post earnings of $3.18 per share for the current quarter, representing a year-over-year change of +19.1%. Over the last 30 days, the Zacks Consensus Estimate has changed +8.2%. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.
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- Its core platform, Alibaba.com, is the world’s 3rd largest eCommerce platform by sales.
- For the current and next fiscal years, $139.1 billion and $149.89 billion estimates indicate +6.6% and +7.8% changes, respectively.
- Therefore, knowing a company’s potential revenue growth is crucial.
- In 2022, Alibaba’s Singles Day event brought in $139 billion to set a new one-day record.
Performance Overview: BABA
Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better axi review predictor of the future, which can give investors an advantage in earnings season. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
Key Stats
The company’s eCommerce platforms include Taobao Marketplace, Tmall, Alimama, 1688.com, Alibaba.com, Aliexpress, Lazada, Trendyol, and Daraz. Taobao Marketplace is a social-media eCommerce platform while Alimama is a monetization platform for entrepreneurs. 1688.com and How to buy feg token Alibaba.com are wholesale marketplaces where individuals and businesses can connect with bulk items and the remainder are eCommerce retail platforms and search engines targeting specific markets. In addition, the company also operated a retail chain called Freshippo and Tmall Global which is an import platform for eCommerce. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Alibaba is rated Zacks Rank #1 (Strong Buy).
Once a dominant tech giant, Alibaba Group struggles with a stagnating business and lacks clear growth engines, all while political risk remains ever-present and management has no ideas beyond share re… Benchmark analyst Fawne Jiang maintained a Buy rating on Alibaba Group Holding BABA with a price target of $118. A ‘Mornings with Maria’ panel asks why the U.S. is funding its opposition as Trump’s Cabinet could cause de-listing of China stocks on U.S. exchanges.
Alibaba has its hands in a number of industries, including artificial intelligence research, payments technologies, cloud computing in addition to its flagship online retail operation. Alibaba reported revenues of $33.7 billion in the last reported quarter, representing a year-over-year change of +9.4%. For Alibaba, the consensus sales estimate for the current quarter of $38.82 billion indicates a year-over-year change of +5.9%. For the current and next fiscal years, $139.1 billion and $149.89 billion estimates indicate +6.6% and +7.8% changes, respectively.
This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Alibaba (BABA Quick QuoteBABA – Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock’s performance in the near term. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Select to analyse similar companies using key performance metrics; select up to four stocks.
Discover which analysts rank highest for BABA overall weighted by direction, price target, and price movement. Please bear with us as we address this and restore your personalized lists. Privacy Policy | No cost, no obligation to buy anything ever.Past performance is no guarantee of future results.
About Alibaba Group Holdings Ltd.
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Alibaba Group scored higher than 98% of companies evaluated by MarketBeat, and ranked 12th out of 208 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. The principal purpose of Alibaba Group Holding Limited is to open the Chinese market and connect it to the world. The company operates through seven segments including China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.
News by Sector
On today’s episode of Catalysts, Hosts Seana Smith and Brad Smith discuss the latest economic data and highlight several trending tickers. Chinese ecommerce giant Alibaba Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. After bdswiss forex broker review rocketing up to $120 per share on the back of China’s stimulus announcements, Alibaba Group Holding Limited’s stock has returned to its breakout point in the $80s. Discover which analysts rank highest on predicting the price target of BABA.