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Barclays Sees Alibaba 'Breaching New Frontiers'

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Analysts at Barclays initiated coverage of Alibaba Group Holding Ltd (NYSE: BABA) on Thursday with an Overweight rating and $107 price target.

The team of analysts including Alicia Yap and Paul Vogel describe Alibaba as a "leading online commerce ecosystem" having upside potential for monetization and synergies across marketplaces.

The analysts believe that Alibaba could further monetize its Chinese retail marketplace revenue by increasing its take rate for Tmall, transacting more deals through Juhuasuan and improving merchants' ad budget return on investments.

In addition, the analysts see a "significant" growth opportunity within online payments and Internet banking given the company's potential 33 percent stake in Alipay/Ant Financial. The analyst place a $53 billion valuation for Alipay, which could help boost Alibaba's valuation.

Latest Ratings for BABA

DateFirmActionFromTo
Nov 2018MKM PartnersMaintainsBuyBuy
Nov 2018UBSMaintainsBuyBuy
Nov 2018KeyBancMaintainsOverweightOverweight

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Posted-In: Alicia Yap AliPay Ant Financial BarclaysNews Price Target Initiation Analyst Ratings

 

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