UPDATE: CRT Capital Initiates Coverage On Alibaba Group Holding Ltd
In a note released Wednesday, CRT Capital analyst Neil Doshi initiated coverage of Alibaba Group Holding Ltd (NYSE: BABA) with a Buy rating and a $95 price target.
Doshi commented, "If Amazon, eBay and Google were to have a baby, it would be Alibaba." More importantly, he noted it has the largest GMV of any Internet retail service provider and over 80 percent of China's eCommerce market share.
Looking at the company's coming IPO, Doshi believes the current price range "significantly" undervalues Alibaba's growth potential and is expecting global demand for the stock to be "very strong."
Looking ahead, Doshi is forecasting a 35+ percent CAGR for revenue over 2014-2017 and is expecting EBITDA to grow at 36 percent over the same period.
Latest Ratings for BABA
|Nov 2016||Brean Capital||Maintains||Buy|
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