The price objective of BABA has been increased by several research analysts working at Truist from a sum of $326 to $330 in a research report on Friday. The price target of Truist would indicate an annual growth of about 38.13% from the previous close of the company.
The Stock Commentary of BABA
There have been quite a few brokerage firms that have commented on the stocks of BABA. Mizuho has already increased the price target of the company from $270 to $285 along with a rating of buy in a 3rd February research note. Raymond James has also increased the price target of the company from $330 to $350, with a rating of strong-buy in a 3rd February research note.
Macquarie went down the same road, with a price target of $387 increased to $395 with a rating of outperform in a 3rd February research note. Sanford C. Bernstein has also put up a rating of market perform. In the end, Truist Securities decided to increase the price target of the company from $326 to $330, with a buy rating in a Friday research note.
Three of the investment analysts have provided the stocks of the firm with a rating of hold, while twenty-six of them have given it a rating of buy. One analyst has provided the company with a rating of buy. Currently, BABA has a buy rating, with a $321.97 price target.
The stocks of BABA traded on Friday at $2.47. The market cap of the firm is $646.38 billion, with a 34.25 PE ratio, along with a 1.59 PEG ratio. The quick ratio of the company is 1.99, with a 1.99 current ratio.