The stocks of BABA have been given a rating of outperform by quite a few research equities that have commented on the company in a Friday research report. Currently, the price objective of the firm is $407 which is a reduction from the previous price objective of $421. The price target of the company would indicate an annual increase of 78.71% from the previous close of the company.
The Stock Commentary Of BABA
There have been quite a few companies that have commented on the stocks of BABA. Raymond James has already given the company a price target increase from $330 to $350, along with a strong-buy rating in a 3rd Wednesday research report. Truist Securities has also increased the price target of the company from $326 to $330 with a rating of buy in a Thursday research report.
HSBC has already increased the price of the company from $329 to $330, with a rating of buy in a Wednesday research report. Deutsche Bank has gone the other way- with a price target reduced from $360 to $319 with a rating of buy in a 26th January research report. In the end, KeyCorp also decreased the price target from $355 to $315, with a rating of overweight in a Friday research report.
Three of the analysts have already given the company a rating of hold while twenty-six of them have given it a rating of buy. Currently, the consensus rating of the company is Buy with a $322.37 price target.
The stocks of BABA traded on Friday at $5.02. The moving average price of the company over 50 days is $248.06, with a moving average price of the company over 200 days from $264.30. The year low of the company is $185.04, while the year high has been at $319.32.
