Alibaba Group Holding Ltd BABA shares are trading up just over 20 percent over the past month entering Monday’s open, and the Vetr community has upgraded the company from 2.5 to 3 stars. A positive earnings report has propelled Alibaba upwards over the past few trading days.
See how crowd sourced ratings can help predict the market?
Vetr members have given Alibaba a Hold rating and a $95.74 price target. This price target is lower than the $103.15 price target from Wall Street analysts. The company opened Monday around $97.80.
Of all Vetr raters, 65.8 percent believe Alibaba shareholders should sell the stock.
For Vetr’s full analysis of Alibaba, go here.
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