The stocks of BABA have received a rating of “outperform” from analysts working at CICC Research in a Friday research report. This was reported by The Fly.
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, with a rating of buy in a 26th January research report. Macquarie has also put up a rating of “outperform” with a price target of around $407 in a Thursday research report.
Truist Securities has gone the other way, with a price target increased from $326 to $330 with a rating of buy in a 25th March research report. Mizuho Securities has put up a rating of buy with a price target of $285 in a 3rd February research report. In the end, Raymond James also came up with a price target of $350 with a rating of strong-buy in a 3rd February research report.
Three research analysts covering the firm have already given it a rating hold, while twenty-seven of them have issued a rating of buy. Currently, BABA has a buy rating with a $321 price target.
The stocks of BABA traded on Friday at $224.36. The debt-to-equity ratio of the company is 0.12, with a 1.99 quick ratio. The market cap of the firm is $607.04 billion, with a 32.19 PE ratio, and a 1.59 PEG ratio. The year low of the company is $185.41, with the year high being fixed at $319.21. The moving average price of the company is $242.77, while the moving average price of the company over 200 days is $262.73.
