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 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.


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.

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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 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.