What Experts Think About The Alibaba Group Holding Ltd IPO
Alibaba Group Holding Ltd (NYSE: BABA) is mere hours away from going public, and understandably, traders and investors are excited. The e-commerce giant is set to become the largest IPO in US history.
Wedbush, CRT Capital and Cantor Fitzgerald have all initiated coverage on the stock, with price targets of $80.00, $95.00 and $90.00, respectively.
So, what are financial experts and pundits saying about Alibaba pre-IPO?
Some are talking about other Chinese IPOs:
Baidu, the Chinese Google: Up 354% on its first day (2005), up 8,000% since. 8,000%! Helps explain why BABA is such a huge deal.
— John Walters (@jdubs88) September 19, 2014
— Elizabeth Schulze (@eschulze9) September 19, 2014
Others are discussing Jack Ma:
All kidding aside, Jack Ma may be the closest thing China has to a Walt Disney. Trillest CEO in the game right now. $BABA
— Downtown Josh Brown (@ReformedBroker) September 19, 2014
As if the rise of Chinese tech wasn't clear enough, Ma makes his debut on the day Ellison paves his exit. $BABA
— Carl Quintanilla (@carlquintanilla) September 19, 2014
— Bob Pisani (@BobPisani) September 19, 2014
— Pierce Crosby (@CrosbyVenture) September 19, 2014
— Fabiane Goldstein (@fabi_gold) September 19, 2014
— Toni Gajtani (@DeliverAlpha) September 19, 2014
— Paul R. La Monica (@LaMonicaBuzz) September 19, 2014
And some are just having fun:
For round-number watchers, $BABA needs to get to $81.14 to hit a $200B market cap.
— Kevin Kingsbury (@KevinKingsbury) September 19, 2014
— Henry Blodget (@hblodget) September 19, 2014
— Kayla Tausche (@kaylatausche) September 19, 2014
Disclosure: At the time of this writing, the author had no position in the equities mentioned in this report.
Latest Ratings for BABA
|Apr 2017||Standpoint Research||Downgrades||Buy||Reduce|
|Apr 2017||Benchmark||Initiates Coverage On||Buy|
|Mar 2017||Barclays||Initiates Coverage On||Overweight|
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