|Day's range||0.9500 - 0.9800|
Here's the megacap stock Wall Street thinks will skyrocket the most over the next 12 months. Refinitiv recently surveyed 48 analysts who cover Chinese technology company Alibaba Group Holdings (NYSE: BABA). Another 18 analysts are even more bullish, rating Alibaba as a "strong buy."
Alibaba (BABA) closed at $85.50 in the latest trading session, marking a -0.74% move from the prior day.
In light of this changing landscape, investors would do well to shift from certain internet and direct marketing retail stocks to others -- and one move might be particularly prudent. The e-commerce conglomerate most likely to disappoint shareholders is Alibaba (NYSE: BABA). This might surprise some investors as founder Jack Ma's vision turned Alibaba into the largest e-retailer in China.
The average brokerage recommendation (ABR) for Alibaba (BABA) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Earnings estimates for Vipshop have moved sharply higher since the beginning of 2023
The latest investor updates on stocks that are trending on Monday.
Investing.com -- Shares in Asos PLC (LON:ASOS) surged by almost 10% on Monday after the fast fashion retailer reportedly received a bid from Turkish rival Trendyol late last year.
When Alibaba (NYSE: BABA) reported results for its fiscal 2023 fourth quarter (ended March 31), they were a bit of a mixed bag. As of this writing, Alibaba shares are down a jaw-dropping 75% from their peak, which was set in October 2020. While it's been beaten down, this growth stock is one that investors should consider buying now.
Chinese stocks rose today on the belief that the Chinese government may soon inject more stimulus into the economy.
Zacks.com users have recently been watching Alibaba (BABA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Shares of the large Chinese tech conglomerate Alibaba Group (NYSE: BABA) traded more than 4.5% higher in the final hour of trading today, as the company rolled out its version of the generative artificial intelligence technology ChatGPT. The AI technology can also create a variety of different content with accuracy and creativity not yet previously seen. Companies that have rolled out their own version of the technology or announced that they plan to incorporate the technology into their business tend to see their stock prices rise on investor excitement.
Alibaba (NYSE: BABA), the Chinese tech conglomerate, surprised everyone when it announced its decision to spin off its cloud-computing business. Most investors did not see that coming since the cloud business has been a highly prized segment within Alibaba, and investors expected the parent to remain in control of this business for the foreseeable future. Alibaba's cloud computing has been a rising star as it enjoys the tailwind of a growing cloud-computing industry in China.
AI-powered show to launch an immersive light experience with sustainability as a spotlight SINGAPORE - Media OutReach - 1 June 2023 - Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, is proud to be the partner of i Light Singapore 2023, organized by the Urban Redevelopment Authority (URA). Alibaba Cloud will unveil its latest sustainability solution with an immersive light experience that puts a spotlight on sustainability and encourages greener lifestyle choices
Fool.com contributor and finance professor Parkev Tatevosian compares Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD) to determine which is the better buy for long-term investors. *Stock prices used were the afternoon prices of May 28, 2023.
Pinduoduo's (NASDAQ: PDD) stock surged 19% on May 26 after the Chinese e-commerce company posted its first-quarter report. Pinduoduo is still clearly growing much faster than its two closest e-commerce competitors, Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD). Pinduoduo was founded in 2015, and it quickly gained ground against Alibaba and JD by selling discount products across China's lower-tier cities.
In this video, I will go over Pinduoduo's (NASDAQ: PDD) recent earnings report and what this means for Alibaba going forward. *Stock prices used were from the trading day of May 26, 2023. The video was published on May 28, 2023.
Alibaba's (NYSE: BABA) stock has had a tough time in the last two years as the company faced declining growth and increasing competition. Alibaba recently announced a variety of steps to enhance shareholder value. Two strategic moves in particular could create significant value for investors.
Alibaba is sometimes called the Amazon of China because the two companies have similar business models.
It has been a wild few years for Alibaba (NYSE: BABA). More recently, the company announced results for the fiscal 2023 fourth quarter (ended March 31) that missed analyst estimates for sales, but beat on earnings per share. In the fourth quarter of 2023, 74% of Alibaba's total revenue came from the China and International Commerce groups.
Alibaba (NYSE: BABA) captures a meaningful part of its revenue and operating income from consumer activity in China. Fool.com contributor and finance professor Parkev Tatevosian discusses how Alibaba plans to benefit from the Chinese economic reopening.
Fool.com contributor and finance professor Parkev Tatevosian discusses the big news from Alibaba (NYSE: BABA) that has everyone talking about the company. *Stock prices used were the afternoon prices of May 23, 2023.
Despite mixed earnings reports from Chinese tech giants like Baidu, Alibaba and Tencent, analysts remain optimistic about the future of China's tech sector.
Shares of Chinese e-commerce giant Alibaba (NYSE: BABA) dipped in morning trading on the NYSE Tuesday and remain down 2.4% as of 12:45 p.m. ET on news that the company's cloud computing business is laying off workers. Bloomberg broke the story today, reporting that Alibaba will lay off 7% of the employees at its cloud computing division before spinning this division off and IPO'ing it. Alibaba Cloud is the company's second-biggest division by revenues (after e-commerce, of course), but after strong growth for years, its sales declined 5% last year -- and Cloud still isn't profitable for Alibaba.
Investing.com -- Stocks in focus in premarket trade on Tuesday, May 23rd. Please refresh for updates.
Alibaba (NYSE: BABA) reported quarterly financial results that have huge implications for investors. Fool.com contributor and finance professor Parkev Tatevosian updates his recommendation on Alibaba stock.