Merrill Lynch Reaffirms Their Buy Rating on Alibaba (BABA)

By Austin Angelo

Merrill Lynch analyst Eddie Leung reiterated a Buy rating on Alibaba (BABAResearch Report) today and set a price target of $215. The company’s shares closed yesterday at $166.82.

Leung has an average return of 14.1% when recommending Alibaba.

According to TipRanks.com, Leung is ranked #438 out of 5140 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alibaba with a $202.81 average price target, implying a 21.6% upside from current levels. In a report issued on January 22, Robert W. Baird also maintained a Buy rating on the stock with a $178 price target.

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The company has a one-year high of $211.70 and a one-year low of $129.77. Currently, Alibaba has an average volume of 19.01M.

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