Tencent Securities News Beijing time on the evening of July 27th, according to CNBC, BABA's share price rose more than 1% on Thursday, with a market capitalization of more than 400 billion US dollars.
BABA's share price is up 1.26% to $157.75 per share, with a market capitalization of $404 billion.
BABA Group was founded in 1999 and listed on the New York Stock Exchange in 2014. BABA Group's business model is more like eBay, with annual commodity transactions totaling US $550 billion, higher than Amazon.Com Inc, eBay and Walmart Inc. In the recently announced fourth quarter of fiscal year 2017 (the first quarter of 2017), BABA Group's revenue increased by 60% year-on-year, adjusted earnings per share increased by 83%, and free cash flow soared by 116%.
Among the analysts who included BABA shares in the study, they currently give BABA an average price of $166, according to data provided by FactSet, a financial data service provider. However, not all analysts are optimistic about the stock price trend of BABA Group at present.Guotai JunanBoth and Atlantic Equities have set BABA Group's target share price at $130 and give it a "buy" and "hold" rating, respectively.
Among Wall Street analysts, the most bullish on BABA's prospects is Deutsche Bank analyst Alan Heravel, who gave BABA a target share price of $201. In addition, four analysts gave BABA a target share price of $190.