Colin Sebastian analyst at Robert W. Baird reiterates coverage on Alibaba (BABA) in the Consumer Goods sector with a Buy rating. TipRanks.com has Sebastian rated as a 4.9 star analyst with a 66% return on investment and a 25.4% success rate. Sebastian has set a price target of $180.
TipRanks.com reports that Alibaba currently has 21 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $221.68. The target pricing ranges from a high forecast of $330.00 down to a low forecast of $170.00. Alibaba (BABA)’s last closing price was $136.62 which would put the average price target at 221.68% upside.
In addition, TradingView issued a Strong Sell rating for BABA over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on BABA.
Other analysts covering BABA include:
- Fawne Jiang of Benchmark Co. issued a Buy rating with the price target of $245 on 3 days ago
- Elinor Leung of CLSA issued a Buy rating with the price target of $250 on 3 days ago
- Eddie Leung of Bank of America Securities issued a Buy rating with the price target of $209 on 3 days ago
- Alex Yao of J.P. Morgan issued a Buy rating with the price target of $210 on 3 days ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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