Analysts Offer Insights on Consumer Cyclical Companies: Alibaba (BABA) and Amer Sports, Inc. (AS)
There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Alibaba (BABA – Research Report) and Amer Sports, Inc. (AS – Research Report) with bullish sentiments.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Alibaba (BABA)
In a report released today, Wei Fang from Mizuho Securities maintained a Buy rating on Alibaba, with a price target of $195.00. The company’s shares closed last Tuesday at $159.72.
Fang has an average return of
According to TipRanks.com, Fang is ranked #2360 out of 10123 analysts.
Currently, the analyst consensus on Alibaba is a Strong Buy with an average price target of $198.21, implying a 26.0% upside from current levels. In a report issued on November 10, J.P. Morgan also maintained a Buy rating on the stock with a $240.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
Amer Sports, Inc. (AS)
Wells Fargo analyst Ike Boruchow maintained a Buy rating on Amer Sports, Inc. today and set a price target of $40.00. The company’s shares closed last Tuesday at $33.36, close to its 52-week high of $34.00.
According to TipRanks.com, Boruchow is a 4-star analyst with an average return of
Amer Sports, Inc. has an analyst consensus of Strong Buy, with a price target consensus of $45.83, a 38.8% upside from current levels. In a report released yesterday, Nomura also upgraded the stock to Buy with a $39.80 price target.
Read More on BABA:
Disclaimer & DisclosureReport an Issue
- Mixed options sentiment in Alibaba with shares up 1.9%
- PDD Earnings: Temu Owner’s Stock Falls after Mixed Q3
- Mixed options sentiment in Alibaba with shares up 3.85%
- Citi sees White House memo as short-term overhang on Alibaba
- GOOGL, NVDA, TSLA: Cathie Wood’s ARK Invest Loads Up Big on Mag 7 Stocks in Q3
