BABA Has Received A Buy Rating

BABA
BABA

The stocks of BABA have been given a rating of buy by around thirty-one different research firms that have been covering the company. According to a research report, close to three analysts have provided the company with a rating of hold, while twenty-three others have given it a rating of buy. Currently, the price target of the company over a period of one year is $321.55.

The Stock Commentary of BABA

There have been quite a few research equities that have commented on the stocks of BABA. Deutsche Bank has already reduced the price target of the company from $360 to $319, along with a buy rating in a 26th January research report. Citigroup has also put up a price objective of around $345 which goes well with the rating of buy that was published in a 3rd February research report.

HSBC has also increased the price target of the group from $329 to $330 with a rating of buy affixed to a 3rd February research report. In the end, Sanford C. Bernstein also put up a rating of market perform in a 25th January research report. 

The stocks of BABA traded on Monday at $231.87.The year low of the company has been set at $169.95, while the year high has been fixed at $319.32. The moving average price of the company over a period of fifty days is $254.43, while the moving average price of the company over a period of 200 days is $267.75.

The debt-to-equity ratio of BABA is 0.12, with a 1.99 quick ratio, and a 1.99 current ratio. The market cap of the company has been set at $627.36 billion, with a 33.27 PE ratio.

Previous articleNFLX Has Its Price Objective Reduced To $472
Next articleDeb Haaland Is The First Indigenous Member To Be A Cabinet Secretary Member