What is the current Price Target and Forecast for Alibaba (BABA) (2024)

(Delayed Data from NYSE)

$72.29 USD

72.29

6,094,096

+0.29 (0.40%)

Updated Jul 1, 2024 02:17 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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Zacks Rank Home - Zacks Rank resources in one place

Zacks Premium - The only way to fully access the Zacks Rank

3-Hold of 5 3

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

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.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

AValue | DGrowth | CMomentum | BVGM

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 33% (81 out of 249)

Industry: Internet - Commerce

View All Zacks #1 Ranked Stocks

What is the current Price Target and Forecast for Alibaba (BABA) (2) Better trading starts here.

Alibaba (BABA) Price Targets

Average Price Target Highest Price Target Lowest Price Target Upside to Average Price Target
$106.41 $135.00 $80.00 47.79%

Price Target

Based on short-term price targets offered by 18 analysts, the average price target for Alibaba comes to $106.41. The forecasts range from a low of $80.00 to a high of $135.00. The average price target represents an increase of 47.79% from the last closing price of $72.00.

Analyst Price Targets (18)

Last Close 72.00

Average 106.41 47.79% Upside Low 80.00 11.11% Upside High 135.00 87.50% Upside

Broker Rating

Alibaba currently has an average brokerage recommendation (ABR) of 1.35 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 17 brokerage firms. The current ABR compares to an ABR of 1.35 a month ago based on 17 recommendations.

Of the 17 recommendations deriving the current ABR, 14 are Strong Buy, representing 82.35% of all recommendations. A month ago, Strong Buy represented 82.35%.

Broker Rating Breakdown

What is the current Price Target and Forecast for Alibaba (BABA) (3)

Today1 Week Ago1 Month Ago2 Months Ago3 Months Ago
Strong Buy1414141413
Buy00000
Hold33333
Sell00000
Strong Sell00000
ABR1.351.351.351.351.38

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

DateBrokerage FirmAnalystPreviousCurrent
5/14/2024Truist SecuritiesYoussef SqualiStrong BuyStrong Buy
4/19/2024Not IdentifiedNot IdentifiedStrong BuyStrong Buy
4/18/2024Not IdentifiedNot IdentifiedHoldHold
4/10/2024New Street ResearchJin YoonNot AvailableStrong Buy
4/10/2024The Benchmark CompanyFawne JiangStrong BuyStrong Buy
4/9/2024Not IdentifiedNot IdentifiedStrong BuyStrong Buy
3/27/2024Mizuho SecuritiesUSA James LeeStrong BuyStrong Buy
3/15/2024Loop Capital MarketsRobert SandersonStrong BuyStrong Buy
3/15/2024Not IdentifiedNot IdentifiedStrong BuyStrong Buy
2/8/2024Susquehanna Financial GroupShyam V PatilStrong BuyStrong Buy
2/8/2024Macquarie Capital SecuritiesMichael S HuangNot AvailableHold
1/19/2024Robert W. Baird & Co.Colin A SebastianStrong BuyStrong Buy
11/1/2023UBSKenneth FongNot AvailableStrong Buy

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

Current ABR

Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for most of the leading investment web sties. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock.

ABR vs Zacks Rank

1.35
ABR (Last week)1.35
# of Recs in ABR17
Average Target Price $106.41
LT Growth Rate23.30%
IndustryInternet - Commerce
Industry Rank by ABR81 of 252
Current Quarter EPS Est: 2.24
What is the current Price Target and Forecast for Alibaba (BABA) (2024)

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