Eddie Leung, analyst at Bank of America Securities, reiterates coverage on Alibaba (BABA) in the Consumer Goods sector with a Buy rating. TipRanks.com has Leung rated as a 4 star analyst with a 17% return on investment and a 55% success rate. Leung has set a price target of $254.00 .
TipRanks.com reports that BABA currently has 27 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $259.50 . The target pricing ranges from a high forecast of $336.00 down to a low forecast of $190.00 .
BABA’s last closing price was $147.58 which would put the average price target at 75.84% upside.
In addition, TradingView issued a Sell rating for BABA over the next month.
Remember, securities are volatile, so please do your own research on BABA.
Other analysts covering BABA include:
- Ella Ji of China Renaissance Securities (US) Inc. issued a buy rate with the price target of $230 on September 27th
- Jialong Shi of Nomura issued a buy rate with the price target of $190 on September 27th
- Fawne Jiang of Benchmark Co. issued a buy rate with the price target of $270 on September 27th
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