Alibaba Group (BABA) Stock Forecast & Price Target

$114.53

+1.69 (+1.50%)

(As of 10/4/2024 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 16 Analyst Ratings

Sell
0

Hold
3

Buy
13

Based on 16 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 16 analysts, 3 have given a hold rating, and 13 have given a buy rating for BABA.

Consensus Price Target

$107.61
-6.04% Downside

According to the 16 analysts' twelve-month price targets for Alibaba Group, the average price target is $107.61. The highest price target for BABA is $135.00, while the lowest price target for BABA is $85.00. The average price target represents a forecasted downside of -6.04% from the current price of $114.53.

Get the Latest News and Ratings for BABA and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Alibaba Group and its competitors.

BABA Analyst Ratings Over Time

Type	Current Forecast 10/7/23 to 10/6/24	1 Month Ago 9/7/23 to 9/6/24	3 Months Ago 7/9/23 to 7/8/24	1 Year Ago 10/7/22 to 10/7/23
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)	13 Buy rating(s)	13 Buy rating(s)	13 Buy rating(s)
Hold	3 Hold rating(s)	3 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	$107.61	$107.61	$108.79	$138.64
Forecasted Upside	-6.04% Downside	32.53% Upside	48.01% Upside	61.10% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

Next opportunity for crypto millions (Ad)

The floodgates have opened. Bitcoin and Ethereum ETFs are seeing record-breaking inflows, the biggest since they first opened to investors. Wall Street is finally embracing crypto. But most investors are missing the real goldmine…

Go here to discover the crypto that's about to leave Wall Street in the dust.

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	2.81	2.52	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-6.04% Downside	35.75% Upside	7.03% 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	Action	Rating	Price Target	Upside/Downside on Report Date
8/29/2024	Loop Capital 2 of 5 stars	Reiterated Rating	Buy ➝ Buy	$115.00 ➝ $115.00	+44.47%
8/23/2024	Morgan Stanley 3 of 5 stars	Reiterated Rating	Equal Weight ➝ Equal Weight	$90.00 ➝ $90.00	+5.45%
8/19/2024	Susquehanna 2 of 5 stars	Lower Target	Positive ➝ Positive	$135.00 ➝ $130.00	+53.77%
8/16/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$118.00 ➝ $118.00	+40.78%
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	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$85.00 ➝ $88.00	+10.64%
Get the Latest News and Ratings for BABA and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Alibaba Group and its competitors with MarketBeat's FREE daily newsletter.
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%
8/14/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$103.00 ➝ $106.00	+30.70%
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%
5/16/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$109.00 ➝ $107.00	+25.28%
5/15/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$124.00 ➝ $122.00	+53.44%
5/15/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$95.00 ➝ $92.00	+15.71%
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%
2/8/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral	$88.50 ➝ $85.40	+15.97%
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 Sunday at 12:26 PM 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 Sunday, September 29, 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 has shown consistent revenue growth over the past year, indicating a strong financial performance.
Recent developments in Alibaba's cloud computing division have positioned the company as a major player in the industry.
Alibaba's current stock price is $200, making it an attractive entry point for investors looking for value.
Expansion into new markets, such as Southeast Asia, provides Alibaba with additional growth opportunities.
Alibaba's strong presence in the e-commerce sector gives it a competitive edge over its rivals.

Alibaba Group
Bear Case

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

Regulatory challenges in China could impact Alibaba's operations and growth prospects.
Increased competition from local and international e-commerce players may put pressure on Alibaba's market share.
Concerns about corporate governance and transparency have raised questions about Alibaba's long-term sustainability.
Geopolitical tensions between China and other countries could affect Alibaba's international expansion plans.
Fluctuations in the Chinese economy and currency exchange rates may impact Alibaba's financial performance.

BABA Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Alibaba Group is $107.61, with a high forecast of $135.00 and a low forecast of $85.00.
: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alibaba Group in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BABA shares.
: According to analysts, Alibaba Group's stock has a predicted downside of -6.04% based on their 12-month stock forecasts.
: Alibaba Group has been rated by research analysts at Bank of America, Benchmark, Jefferies Financial Group, JPMorgan Chase & Co., Loop Capital, Morgan Stanley, Robert W. Baird, Sanford C. Bernstein, Susquehanna, and Truist Financial in the past 90 days.
: Analysts like Alibaba Group more than other "retail/wholesale" companies. The consensus rating score for Alibaba Group is 2.81 while the average consensus rating score for "retail/wholesale" companies is 2.52. Learn more on how BABA compares to other companies.

Stock Forecasts and Research Tools

Related Companies:

Today's Ratings:

Top Rated Stocks:

More Ratings Tools:

Who are Nvidia’s New Silent Partners? (Ad)

Nvidia knows it can’t stand still as AI continues to grow at an exponential rate. That’s why CEO Jensen Huang consistently has his company ahead of the curve when it comes to artificial intelligence. Nvidia’s added $2 trillion in market cap in 2024.

I call these Nvidia’s “Silent Partners.”

This page (NYSE:BABA) was last updated on 10/6/2024 by MarketBeat.com Staff

From Our Partners