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, 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.

See today’s analyst top recommended stocks >>

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.