Alibaba Stock Price BABA Stock Quote, News, and History
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The company’s eCommerce platforms include Taobao Marketplace, Tmall, Alimama, 1688.com, Alibaba.com, Aliexpress, Lazada, Trendyol, and Daraz. Taobao Marketplace is a social-media eCommerce platform while Alimama is a monetization platform for entrepreneurs. 1688.com and Alibaba.com are wholesale marketplaces where individuals and businesses can connect with bulk items and the remainder are eCommerce retail platforms and search engines targeting specific markets. In addition, the company also operated a retail chain called Freshippo and Tmall Global which is an import platform for eCommerce. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Alibaba is rated Zacks Rank #1 (Strong Buy).
Alibaba Non-GAAP EPADS of $2.15 beats by $0.10, revenue of $33.71B beats by $500M
However, the most encouraging sign in my view is the improving inventory d… According to 15 analysts, the average rating for BABA stock is “Strong Buy.” The 12-month stock price forecast is $111.86, which is an increase of 30.71% from the latest price. Alibaba is expected to post earnings of $3.18 per share for the current quarter, representing a year-over-year change of +19.1%. Over the last 30 days, the Zacks Consensus Estimate has changed +8.2%. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.
Price and EPS Surprise Chart
Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link atfx trading platform between the two companies is not a solicitation or offer to invest in a particular security or type of security.
This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Alibaba (BABA Quick QuoteBABA – Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock’s performance in the near term. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Select to analyse similar companies using key performance metrics; select up to four stocks.
This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Alibaba Group Holding Limited specializes in e-commerce, retail, Internet, and technology. The company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via web portals, as well as electronic payment services, shopping search engines, and cloud computing services. The company hosts the largest B2B (Alibaba.com), C2C (Taobao), and B2C (Tmall) marketplaces in the world.
Alibaba was founded in 1999 and is headquartered in Hangzhou, China. Alibaba Group Holding Limited is an eCommerce and Internet technology giant headquartered in the People’s Republic of China. Its core platform, Alibaba.com, is the world’s 3rd largest eCommerce platform by sales. The company also aids other businesses with a vast array of digital and logistical solutions with a reach that spans the globe.
- Alibaba Group saw its offerings in artificial intelligence (AI) drive growth in both its retail and its cloud businesses during the quarter ended Sept. 30.
- Alibaba also supports the infrastructure of the Internet with a range of products and services that include computing, storage, network, security, database, big data, and IoT connectivity.
- For Alibaba, the consensus sales estimate for the current quarter of $38.82 billion indicates a year-over-year change of +5.9%.
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ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Alibaba Group scored higher than 98% of companies evaluated by MarketBeat, and ranked 12th out of 208 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra how to use the accelerator oscillator weight given to analysis and valuation. The principal purpose of Alibaba Group Holding Limited is to open the Chinese market and connect it to the world. The company operates through seven segments including China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.
Alibaba has its hands in a number of industries, including artificial intelligence research, payments technologies, cloud computing in addition to its flagship online retail operation. Alibaba reported revenues of $33.7 billion in the last reported quarter, representing a year-over-year change of +9.4%. For Alibaba, the consensus sales estimate for the current quarter of $38.82 billion indicates a year-over-year change of +5.9%. For the current and next fiscal years, $139.1 billion and $149.89 billion estimates indicate +6.6% and +7.8% changes, respectively.