Alibaba (BABA) Receives a Buy from Barclays

By Jason Carr

In a report released yesterday, Gregory Zhao from Barclays maintained a Buy rating on Alibaba (BABAResearch Report), with a price target of $195. The company’s shares opened today at $146.22.

According to TipRanks.com, Zhao is a 1-star analyst with an average return of -6.0% and a 35.3% success rate. Zhao covers the Technology sector, focusing on stocks such as NetEase Inc, Tencent, and Baidu.

Alibaba has an analyst consensus of Strong Buy, with a price target consensus of $214.91, a 47.0% upside from current levels. In a report issued on October 22, Benchmark Co. also maintained a Buy rating on the stock with a $220 price target.

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Alibaba’s market cap is currently $379.6B and has a P/E ratio of 42.77. The company has a Price to Book ratio of 6.40.

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