Atlantic Equities Gives Alibaba Group (NYSE:BABA) Shareholders a Gift With Today’s Upgrade



August 23, 2017 – By Henry Gaston

Alibaba Group (NYSE:BABA) Stock Upgrade

Atlantic Equities upgraded Alibaba Group (NYSE:BABA) shares to a Buy rating in a research report issued today.

Alibaba Group Holding Ltd (NYSE:BABA) Ratings Coverage

Among 34 analysts covering Alibaba (NYSE:BABA), 32 have Buy rating, 1 Sell and 1 Hold. Therefore 94% are positive. Alibaba has $200 highest and $75 lowest target. $143.25’s average target is -17.65% below currents $173.95 stock price. Alibaba had 131 analyst reports since August 12, 2015 according to SRatingsIntel. Jefferies maintained the shares of BABA in report on Friday, August 12 with “Buy” rating. The firm has “Overweight” rating given on Thursday, August 13 by Atlantic Securities. The stock has “Buy” rating by Brean Capital on Wednesday, October 28. The firm has “Buy” rating given on Wednesday, September 9 by Cantor Fitzgerald. On Tuesday, August 22 the stock rating was upgraded by Atlantic Securities to “Overweight”. On Friday, August 18 the stock rating was maintained by UBS with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, June 8. The stock of Alibaba Group Holding Ltd (NYSE:BABA) earned “Overweight” rating by Barclays Capital on Wednesday, August 2. The stock has “Overweight” rating by Barclays Capital on Monday, August 21. The rating was maintained by Suntrust Robinson with “Buy” on Thursday, August 17.

About 15.47 million shares traded. Alibaba Group Holding Ltd (NYSE:BABA) has risen 57.33% since August 23, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

Alibaba Group Holding Limited is a holding company. The company has market cap of $445.51 billion. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China and internationally. It has a 58.83 P/E ratio. The Company’s businesses consist of core commerce, cloud computing, mobile media and entertainment, and other innovation initiatives.

More notable recent Alibaba Group Holding Ltd (NYSE:BABA) news were published by: Investorplace.com which released: “Alibaba Group Holding Ltd (BABA) Stock Is a Screaming Buy” on August 18, 2017, also Seekingalpha.com with their article: “Alibaba: The Stock Growth Machine” published on August 22, 2017, Seekingalpha.com published: “Alibaba Q1: Key Takeaways” on August 21, 2017. More interesting news about Alibaba Group Holding Ltd (NYSE:BABA) were released by: Benzinga.com and their article: “Alibaba Group Holding Ltd” published on August 23, 2017 as well as Seekingalpha.com‘s news article titled: “Alibaba: The Better Amazon” with publication date: August 17, 2017.

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