Market Overview

UPDATE: CRT Capital Initiates Coverage On Alibaba Group Holding Ltd

Share:
Related BABA
Short Sellers Take $23B Hit As US Markets Bounce Back
Analyst: Singles Day Boosts iPhone XR Sales, But Downside Pressure Remains After Holiday
A Lesson In Blitzscaling By Uber (Seeking Alpha)

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

DateFirmActionFromTo
Nov 2018MKM PartnersMaintainsBuyBuy
Nov 2018UBSMaintainsBuyBuy
Nov 2018KeyBancMaintainsOverweightOverweight

View More Analyst Ratings for BABA
View the Latest Analyst Ratings

Posted-In: CRT Capital Neil DoshiAnalyst Color News Price Target Initiation Analyst Ratings

 

Related Articles (BABA)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
TVPTImperial CapitalDowngrades15.8
ACORGoldman SachsDowngrades10.0
APTIJefferiesDowngrades38.0
BCOVB. Riley FBRUpgrades12.0
CAMPFirst AnalysisDowngrades22.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Morgan Stanley Believes Sensors Should Provide Meaningful Growth Kicker For TE Connectivity Ltd

The Next Obstacle For Tesla Motors Inc