Alibaba Group (BABA) Stock Forecast & Price Target

$83.19 -2.39 (-2.79%)

(As of 11/22/2024 ET)

Alibaba Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 15 Analyst Ratings

Sell
0

Hold
2

Buy
13

Based on 15 Wall Street analysts who have issued ratings for Alibaba Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 2 have given a hold rating, and 13 have given a buy rating for BABA.

Consensus Price Target

$114.07
37.12% Upside

According to the 15 analysts' twelve-month price targets for Alibaba Group, the average price target is $114.07. The highest price target for BABA is $145.00, while the lowest price target for BABA is $85.00. The average price target represents a forecasted upside of 37.12% from the current price of $83.19.

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BABA Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	13 Buy rating(s)	14 Buy rating(s)	13 Buy rating(s)	14 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$114.07	$114.00	$107.61	$130.53
Forecasted Upside	37.12% Upside	18.32% Upside	25.99% Upside	66.24% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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BABA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BABA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Alibaba Group Stock vs. The Competition

Type	Alibaba Group	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.87	2.50	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	37.12% Upside	26.03% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent BABA News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/19/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$137.00 ➝ $130.00	+49.00%
11/15/2024	Benchmark 3 of 5 stars		Reiterated Rating	Buy ➝ Buy	$118.00 ➝ $118.00	+34.38%
11/12/2024	Mizuho 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$92.00 ➝ $113.00	+18.40%
10/24/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$88.00 ➝ $110.00	+12.29%
10/9/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$106.00 ➝ $124.00	+14.22%
10/7/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Huang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$145.00	+26.60%
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8/29/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$115.00 ➝ $115.00	+44.47%
8/23/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$90.00 ➝ $90.00	+5.45%
8/19/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$135.00 ➝ $130.00	+53.77%
8/16/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$110.00 ➝ $100.00	+18.98%
8/16/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$80.00 ➝ $85.00	+6.86%
8/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$100.00 ➝ $108.00	+35.78%
7/26/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$116.00 ➝ $116.00	+52.11%
5/15/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$124.00 ➝ $122.00	+53.44%
2/8/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$121.00 ➝ $105.00	+47.14%
11/1/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$120.00 ➝ $127.00	+54.99%
10/9/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$142.00 ➝ $135.00	+56.87%
8/11/2023	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$120.00	+23.94%
2/24/2023	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 04:50 AM ET.

Should I Buy Alibaba Group Stock? BABA Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these Alibaba Group pros and cons to contact@marketbeat.com.

Alibaba Group
Bull Case

Here are some ways that investors could benefit from investing in Alibaba:

Alibaba reported impressive earnings of $15.06 per share, significantly exceeding analysts' expectations of $1.87, indicating strong financial performance and potential for growth.
The company has a market capitalization of approximately $208.84 billion, showcasing its substantial size and stability in the market.
With a price-to-earnings (P/E) ratio of 17.70, Alibaba is considered relatively affordable compared to its earnings, suggesting it may be undervalued and a good investment opportunity.
Recent revenue growth of 5.2% year-over-year demonstrates Alibaba's ability to expand its business despite market challenges, which is a positive sign for investors.
The current stock price is $86.77, which is below the average target price of $114.07 set by analysts, indicating potential upside for investors looking for growth.

Alibaba Group
Bear Case

Investors should be bearish about investing in Alibaba for these reasons:

Despite the strong earnings report, Alibaba's revenue of $236.50 billion fell short of analysts' expectations of $239.45 billion, raising concerns about its growth trajectory.
The stock has experienced volatility, with a 12-month low of $66.63, which may deter risk-averse investors from entering the market.
Hedge funds and institutional investors hold only 13.47% of Alibaba's stock, which may indicate a lack of confidence from larger investors in the company's future prospects.
With a beta of 0.35, Alibaba's stock is less volatile than the market, which may limit potential high returns for aggressive investors seeking significant growth.
Two analysts have rated the stock with a hold rating, suggesting that some experts are cautious about its short-term performance, which could be a red flag for potential investors.

BABA Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Alibaba Group is $114.07, with a high forecast of $145.00 and a low forecast of $85.00.
: 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alibaba Group in the last twelve months. There are currently 2 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BABA shares.
: According to analysts, Alibaba Group's stock has a predicted upside of 37.12% based on their 12-month stock forecasts.
: Over the previous 90 days, Alibaba Group's stock had 1 upgrade by analysts.
: Alibaba Group has been rated by research analysts at Bank of America, Barclays, Benchmark, Loop Capital, Macquarie, Mizuho, and Robert W. Baird in the past 90 days.
: Analysts like Alibaba Group more than other "retail/wholesale" companies. The consensus rating score for Alibaba Group is 2.87 while the average consensus rating score for "retail/wholesale" companies is 2.50. Learn more on how BABA compares to other companies.

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This page (NYSE:BABA) was last updated on 11/23/2024 by MarketBeat.com Staff

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Alibaba Group (BABA) Stock Forecast & Price Target