This article was first published on www.analystratings.com
Alibaba Group (NYSE: BABA) received a Buy rating and an $84 price target from Standpoint analyst Ronnie Moas yesterday. The company’s shares closed yesterday at $65.80, close to its 52-week low of $58.
Currently, the analyst consensus on Alibaba Group is Strong Buy and the average price target is $105.23, representing a 59.9% upside. In a report issued on August 11, Bernstein also initiated coverage with a Buy rating on the stock.
Alibaba Group`s market cap is currently $170.1B and has a P/E ratio of 24.8. The company has a book value ratio of 5.58%.
Financial bloggers on sites such as SeekingAlpha, investorplace.com and others, seem to have a Positive view on BABA. When evaluating the opinions of financial bloggers over the last 3 months, 83% of bloggers have indicated a Bullish sentiment, while 17% have indicated a Bearish sentiment.
According to TipRanks.com, Moas is a top 25 analyst with an average return of 6.6% and a 68.5% success rate. Moas covers the Technology sector, focusing on stocks such as Metropcs Communications, Lexmark International, and Nuance Communications.