Analysts gave the following ratings for Alibaba Group Holding Baba over the past quarter:
| quickly | bit bullish | Moody | bit bearish | recession | |
|---|---|---|---|---|---|
| overall rating | 9 | 3 | 0 | 0 | 0 |
| last 30d | 2 | 1 | 0 | 0 | 0 |
| 1m ago | 0 | 0 | 0 | 0 | 0 |
| 2m ago | 4 | 2 | 0 | 0 | 0 |
| 3m ago | 3 | 0 | 0 | 0 | 0 |
The average target price of these 12 analysts is $155.58 versus Alibaba Group Holding’s current price of $115.3, which means it’s on the upside.
Below is a summary of how these 12 analysts rated Alibaba Group Holding over the last 3 months. The higher the number of bullish ratings, the more positive analysts rate the stock, and the higher the number of bearish ratings, the more negative analysts rate the stock.
This is down 6.14% from the current average price target of $165.75.
Benzinga monitors 150 analyst firms and reports on their share expectations. Analysts typically arrive at their conclusions by forecasting how much money a company will make in the future, usually in the next five years, and how risky or predictable the company’s revenue streams are.
Analysts attend company conference calls and meetings, research a company’s financial statements, and communicate with insiders to report their stock ratings. Analysts typically rate each stock once a quarter, or whenever the company has a major update.
Some analysts also offer forecasts for metrics such as growth forecasts, earnings, and revenue to provide further guidance on the stock. Investors using analyst ratings should note that this particular recommendation is human and may be subject to error.
This article was created by Benzinga’s Automated Content Engine and is editor-reviewed.
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