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Barclays Sticks to Its Buy Rating for Alibaba (BABA)

Tipranks - Tipranks - Wed Apr 15, 1:41AM CDT

Barclays analyst Jiong Shao maintained a Buy rating on Alibaba today and set a price target of $186.00.

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Shao covers the Consumer Cyclical sector, focusing on stocks such as Sea, Vipshop, and Alibaba. According to TipRanks, Shao has an average return of 5.4% and a 44.16% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alibaba with a $185.14 average price target.

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Based on Alibaba’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $247.8 billion and a net profit of $21.02 billion. In comparison, last year the company earned a revenue of $236.5 billion and had a net profit of $44.03 billion

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