Alibaba Group Holding Limited – Consensus indicates 86.6% upside potential
Alibaba Group Holding Limited with the ticker code (BABA) now have 42 analysts covering the stock with the consensus suggesting a buy rating. The target price ranges between 226.81 and 83.82 calculating the average target price we see 150.62. Given that the stock’s previous close was at 80.71, this indicates that there is 86.6% upside potential. The 50-day MA is at 93.4 and the 200 moving average is now moving to 104.85. The company has a market cap of $211,549 million. Company website: https://www.alibabagroup.com
The potential market capitalization would be $394,790 million based on market consensus.
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Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers and other businesses engage with their users and customers in the People’s Republic of China and internationally. The Company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others. It operates Taobao Marketplace, a social commerce platform; Tmall, a third-party e-commerce and mobile platform for brands and retailers; Alimama, a monetization platform; 1688.com and Alibaba.com, which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, Trendyol and Daraz which are e-commerce platforms; Freeshippo, a stand-alone retail chain; and Tmall Global, an import e-commerce platform. The Company also operates Taoxianda, an online and offline integration service for FMCG brands and third-party grocery retail partners; Cainiao Network logistics service platform; Ele.me, an on-demand delivery and local services platform; Koubei, a platform for restaurant guides and local services; and Fliggy, an online travel platform. In addition, it offers performance marketing, food and display services; and Taobao Ad Network and Exchange, a real-time online auction marketing exchange. In addition, the company provides elastic computing, storage, network, security, database and big data, and IoT services. Additionally, it operates Youku, an online video platform; Alibaba Pictures and other content platforms that provide online videos, movies, live events, news feeds, literature, music and the like; Amap, a mobile application for digital mapping, navigation and real-time traffic information; DingTalk, a business efficiency mobile app; and Tmall Genie smart speaker. The company was incorporated in 1999 and is based in Hangzhou, People’s Republic of China.