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Alibaba Group Holding Ltd

The present is tense, although the future could be perfect for BABA stock. The market has priced in a slowdown in commerce revenue for the December quarter. The magnitude of the slowdown and commentary https://dotbig.com/markets/stocks/BABA/ concerning the outlook for the fiscal year 2021 that ends in March 2022 could move the stock on Thursday. Third-quarter Cloud computing revenue came in at $3.11 billion, or about 10% of the total.

  • Gaps on charts fill about 90% of the time, which makes it likely Alibaba will trade into both empty ranges in the future.
  • The slowdown is also a function of increasing competition from smaller domestic rivals.
  • After the clarification, Alibaba’s shares recovered most of their losses.
  • Authorities also launched an investigation into Alibaba for allegedly abusing its leading market position.

I/we have a beneficial long position in the shares of BABA either through stock ownership, options, BABA stock price or other derivatives. The company boosted the buyback program to $25B at the end of March.

Business

Alibaba Group’s stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (0.53%), IMC Chicago LLC (0.00%), Nordea Investment Management AB (0.10%), Mizuho Securities Co. Ltd. (0.10%), Simplex Trading LLC (0.00%) and Genesis Investment Management LLP (0.09%). Alibaba Group is scheduled to release its next quarterly earnings announcement on Thursday, May 12th 2022. The P/E ratio of Alibaba Group is 24.14, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 9.39. Alibaba Group has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Alibaba stock

The company’s average rating score is 2.73, and is based on 21 buy ratings, 3 hold ratings, and 2 sell ratings. Ahead of the results, BABA stock received Forex news a string of downward price target adjustments. Mizuho Securities analyst James Lee cut his price target for the stock from $215 to $180.

Crypto Markets Bleed As Bears Take Control

Jack Ma’s Alibaba’s share price plunged, but regained losses after a correction was made to the report. Investors are dealing with a change in the mood https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work of the market that many have never seen before. For years, the mentality on Wall Street has been that when share prices dip, it’s a good time to buy.

The consensus among Wall Street research analysts is that investors should “buy” Alibaba Group stock. View analyst ratings for Alibaba Group or view top-rated stocks. Forex news Alibaba reports under four business segments, namely core commerce; cloud computing; digital, media & entertainment; and innovation initiatives & others.