Analysts Offer Insights on Services Companies: Alibaba (NYSE: BABA) and Allegiant Travel Company (NASDAQ: ALGT)

By Austin Angelo

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Alibaba (NYSE:BABA) and Allegiant Travel Company (NASDAQ:ALGT) with bullish sentiments.

Alibaba (BABA)

Raymond James analyst Aaron Kessler maintained a Buy rating on Alibaba today and set a price target of $260. The company’s shares closed yesterday at $146.94, close to its 52-week low of $146.47.

According to TipRanks.com, Kessler is a top 25 analyst with an average return of 25.3% and a 72.2% success rate. Kessler covers the Technology sector, focusing on stocks such as Wix.com Ltd, Criteo SA, and Facebook.

Alibaba has an analyst consensus of Strong Buy, with a price target consensus of $228.74, representing a 55.7% upside. In a report issued on September 27, Merrill Lynch also maintained a Buy rating on the stock with a $221 price target.

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Allegiant Travel Company (ALGT)

Buckingham analyst Daniel Mckenzie maintained a Buy rating on Allegiant Travel Company today and set a price target of $155. The company’s shares closed yesterday at $119, close to its 52-week low of $117.30.

According to TipRanks.com, Mckenzie is a 4-star analyst with an average return of 6.4% and a 60.9% success rate. Mckenzie covers the Services sector, focusing on stocks such as Southwest Airlines, United Continental, and Hawaiian Holdings.

Allegiant Travel Company has an analyst consensus of Moderate Buy, with a price target consensus of $151.75.

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