Alibaba Group Holding Limited (BABA) Given Average Recommendation of "Buy" by Brokerages
By: MarketBeat | May 4, 2021
Shares of Alibaba Group Holding Limited (NYSE:BABA) have earned a consensus rating of "Buy" from the thirty-six research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, twenty-six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $319.73.
A number of equities research analysts have weighed in on BABA shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Alibaba Group from $360.00 to $319.00 and set a "buy" rating on the stock in a research note on Tuesday, January 26th. Mizuho raised their price target on Alibaba Group from $270.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 3rd. Truist boosted their price target on Alibaba Group from $326.00 to $330.00 in a report on Friday, March 19th. Raymond James decreased their price target on Alibaba Group from $350.00 to $330.00 and set a "strong-buy" rating for the company in a report on Monday, April 19th. Finally, Truist Securities reduced their price objective on Alibaba Group from $330.00 to $315.00 and set a "buy" rating on the stock in a research report on Monday, April 26th.