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Alibaba Group Holding Limited (BABA)
NYSE - NYSE Delayed Price. Currency in USD
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Loop Capital just raised their price target to $350 from $280.
Ahead of Alibaba’s Virtual Investor Day on September 28-30, five-star RBC Capital analyst Mark Mahaney has reiterated his buy rating on the Chinese e-commerce giant. That comes with a $300 stock price forecast- indicating 10% upside potential from current levels.
Alibaba is 5x times cheaper than Amazon. 350 target is still cheap.
Alibaba Group (NYSE:BABA) is hosting a virtual 2020 Investor Day on September 28-30. Speakers will include CEO Daniel Zhang, CFO Maggie Wu and other members of its senior management team. Last year, shares of Alibaba gained during the company's investor day when five-year targets for gross merchandise volume and active customers were released. The event takes place this year with Alibaba affiliate Ant Group on the verge of going public with dual IPOs split evenly between Hong Kong and Shanghai. Ant is mulling what could be the world's largest IPO, seeking to raise about $35B for a valuation of about $250B.
Another turbulent week for BABA. Today was a great comeback story, but it wasn't enough to dig out of the mid-week ditch it dug itself. It was the 3rd down week of September for BABA finishing down $1.32 for the week. Not a huge loss...but after weekly losses of $7+ and $9+ already in September, its not easy to take either.
Monday - UP $1.41
Tuesday - UP $1.47
Wednesday - down $2.34
Thursday - down $3.34
Friday - UP $1.36
Again, it was a great final 6 hours of Friday as BABA pulled itself out of deep losses today. The last time BABA had an up Friday, it had an up week the following week. Let's hope that's a positive sign.
You know what they say about a stock that goes to 275 ? Answer is it goes to 300.
Hope everyone read the article , about ANT'S IPO, largest ever 35 Billion. Talked about how beneficial to BABA it is. Hold on for really big gains................
Let's see if this helps boot BABA's price tomorrow:
"Alibaba Group (NYSE:BABA) is hosting a virtual 2020 Investor Day on September 28-30. Speakers will include CEO Daniel Zhang, CFO Maggie Wu and other members of its senior management team. >>Last year, shares of Alibaba gained during the company's investor day when five-year targets for gross merchandise volume and active customers were released. << The event takes place this year with Alibaba affiliate Ant Group on the verge of going public with dual IPOs split evenly between Hong Kong and Shanghai. Ant is mulling what could be the world's largest IPO, seeking to raise about $35B for a valuation of about $250B.
red to green? It's unbelievable! $BABA.
ANT will be huge, chicoms love gambling more than they do people and will drive BABA above $300 when ant goes public
SEPTEMBER 25, 20207:35 PMUPDATED 2 DAYS AGO
Some 3,500 U.S. companies sue over Trump-imposed Chinese tariffs
By David Shepardson
3 MIN READ
WASHINGTON (Reuters) - About 3,500 U.S. companies, including Tesla Inc TSLA.O, Ford Motor Co F.N, Target Corp TGT.N, Walgreen Co WBA.O and Home Depot HD.N have sued the Trump administration in the last two weeks over the imposition of tariffs on more than $300 billion (£235.35 billion) in Chinese-made goods.
I have to say, not really sure I agree with all the excitement and thoughts on BABA stock. And I mean no disrespect to anyone, just not seeing it in the stock numbers myself. For a company with that level of sales growth over the last 2 to 3 years, that level of profitability, the amount of users (ie potential consumers), that strong of a balance sheet, and two IPO’s coming down the pipeline in the next 30 days, IPO’s that are projected to the largest IPO’s since the beginning of man, and the company stock price is jumping more than the numbered ping pong balls at Bingo night? Something does not smell right?
And I get it, the IPO’s are not 100% owned by Baba, but let’s be honest Ma and crew are controlling the puppet...smile. Again, I am in the stock, but something just does not look right?
And last thought, promise (smile), I realize some of the stock fluctuation is related to the Chinese market and the fear of Covid-19 spreading in Europe. But for a company with probably 80 to 90% of their sales coming out of China, why should that matter. And you would think the spread would enhance Baba and Alipay with larger online sales?
Please tell me I am wrong? But please be nice, just trying to figure out the new norm love everyone else...smile. Cheers and stay safe...
Short coverings is happening right now
Alibaba earnings is going to be shocking. 1st Oct China national day plus mid autumn festival. 7 days public holiday in China, online sale is crazy due to the virus.
Shorts have tried to push baba down this past month to lower levels. They just can’t. There is too much incremental buying going on.
So many funds and individuals know that baba is going to make a big move up sometime soon. It’s investable. When it happens, it will happens fast.
Don’t trade it, Own it!
Jim Cramer on the lightning round tonight: “Dada Nexus: “I am recommending Alibaba. I’m actually saying buy Alibaba aggressively, but that’s about all I want to do with China. I mean, I think JD’s pretty good too, but that’s enough for me in the midst of a trade war.”
Cramer is a BABA Bull!
Just a word of caution with respect to the Ant IPO. It has been known about for weeks. It may largely be priced in. How could it not be since it has been known about for weeks? It would appear the major catalyst was the news of the IPO, not the event. Though I suspect it will get a pop when the time comes.
“Alibaba's vs Alphabet relative value makes it look like the more attractive purchase of the moment. There's the U.S.-China political risk that isn't going away anytime soon, but Alibaba will be just fine in the long term”.
In the last couple of weeks there has been some conversations on pe- ratios and I looked into it and found 2 companies that caught my eye and shocked the heck out of me considering their massive growth in the past 6 months.
Tesla: PE 999.50 and over 1,000 earlier today
Zoom: PE 663.18
All us Baba holders would be rich if they had those PE Ratios!!!!!
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