Alibaba Group (NYSE:BABA – Get Free Report) had its price target upped by research analysts at JPMorgan Chase & Co. from $200.00 to $205.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 54.68% from the stock’s previous close.
BABA has been the topic of a number of other reports. Weiss Ratings lowered shares of Alibaba Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Jefferies Financial Group dropped their price objective on shares of Alibaba Group from $225.00 to $212.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. DZ Bank lowered shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price objective on the stock. in a research note on Friday, March 20th. Susquehanna dropped their price target on shares of Alibaba Group from $190.00 to $170.00 and set a “positive” rating on the stock in a research report on Thursday, March 26th. Finally, Arete Research raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and an average target price of $188.76.
Read Our Latest Analysis on Alibaba Group
Alibaba Group Stock Down 6.1%
Alibaba Group (NYSE:BABA – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. The firm had revenue of $35.30 billion for the quarter. On average, equities research analysts predict that Alibaba Group will post 6.7 earnings per share for the current fiscal year.
Institutional Trading of Alibaba Group
A number of large investors have recently added to or reduced their stakes in the stock. Troluce Capital Advisors LLC purchased a new stake in Alibaba Group during the first quarter worth about $3,136,000. Cypress Capital Group increased its holdings in Alibaba Group by 1.6% during the first quarter. Cypress Capital Group now owns 34,306 shares of the specialty retailer’s stock worth $4,304,000 after buying an additional 525 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in Alibaba Group by 5.3% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 8,976 shares of the specialty retailer’s stock worth $1,126,000 after buying an additional 453 shares during the last quarter. Waverly Advisors LLC increased its holdings in Alibaba Group by 10.7% during the first quarter. Waverly Advisors LLC now owns 30,051 shares of the specialty retailer’s stock worth $3,770,000 after buying an additional 2,912 shares during the last quarter. Finally, Wealth Alliance LLC increased its holdings in Alibaba Group by 1.3% during the first quarter. Wealth Alliance LLC now owns 8,510 shares of the specialty retailer’s stock worth $1,068,000 after buying an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.
Trending Headlines about Alibaba Group
Here are the key news stories impacting Alibaba Group this week:
- Positive Sentiment: Multiple Wall Street firms raised price targets on Alibaba, including Nomura, Morgan Stanley, Mizuho, HSBC, and JPMorgan, signaling continued confidence in the stock’s upside as analysts focus on its cloud and AI growth. Nomura adjusts Alibaba Group price target to $207
- Positive Sentiment: Alibaba shares surged in Hong Kong as the company accelerated its pivot to AI, reinforcing the idea that investors are rewarding the shift toward higher-growth cloud and artificial intelligence businesses. Alibaba shares surge 7% in Hong Kong as firm accelerates pivot to AI
- Positive Sentiment: Recent coverage highlighted strong AI and cloud momentum, including triple-digit AI revenue growth and a 38% jump in cloud revenue, which supports the bull case that Alibaba’s heavy spending may eventually pay off. Alibaba Earnings: Cloud Acceleration Is A Bullish Catalyst
- Neutral Sentiment: The Trump-Xi summit ended with few concrete breakthroughs, but the absence of escalation is being viewed as a short-term plus for Chinese equities, including Alibaba. Trump-Xi Summit Ends With Few Breakthroughs
- Negative Sentiment: Alibaba’s latest earnings report showed profits under pressure as the company ramped up AI, cloud, and commerce spending, with some analysts warning that margins may stay strained in the near term. BABA Q4 Profit Falls on Heavy Tech Spending
Alibaba Group Company Profile
Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.
The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.
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