Alibaba Stock Price Today NYSE: BABA Quote, Market Cap, Chart

what is baba stock

Taobao Marketplace is a social-media eCommerce platform while Alimama is a monetization platform for entrepreneurs. In addition, the company also operated a retail chain called Freshippo and Tmall Global which is an import platform for eCommerce. According to the issued ratings of 16 analysts in the last year, the consensus rating for Alibaba Group stock is Moderate Buy based on the current 3 hold ratings and 13 buy ratings for BABA. The average twelve-month price prediction for Alibaba Group is $115.44 with a high price target of $147.00 and a low price target of $85.40.

16 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Alibaba Group in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “moderate buy” BABA shares. As of February 15th, there was short interest totaling 43,470,000 shares, an increase of 6.1% from the January 31st total of 40,960,000 shares. Based on an average daily trading volume, of 21,650,000 shares, the days-to-cover ratio is presently 2.0 days. The company’s eCommerce platforms include Taobao Marketplace, Tmall, Alimama, 1688.com, Alibaba.com, Aliexpress, Lazada, Trendyol, and Daraz.

what is baba stock

Alibaba has its hands in a number of industries, including artificial intelligence research, payments technologies, cloud computing in addition to its flagship online retail operation. Alibaba Chairman Joe Tsai says organizational structure and non-core asset sales are key to the company’s restructuring efforts as the tech giant focuses on e-commerce and cloud computing. Alibaba also supports the infrastructure of the Internet with a range of products and services that include computing, storage, network, security, database, big data, and IoT connectivity. This segment includes a suite of cloud-based services such as Alibaba Pictures and content platforms that provide streaming media. Alibaba was co-founded by Jack Ma in 1999 when it became clear the Internet and digitization were the future of commerce.

Alibaba Cloud slashes prices by as much as 55% to fuel AI growth in China

Canada Pension Plan, one of the largest in the world, doubled its investment in Apple stock, initiated a position in Alibaba, and bought more Microsoft and Tesla. The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024. Click the link below and we’ll send you MarketBeat’s guide to investing in electric vehicle technologies (EV) and which EV stocks show the https://www.dowjonesanalysis.com/ most promise. The principal purpose of Alibaba Group Holding Limited is to open the Chinese market and connect it to the world. The company operates through seven segments including China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

what is baba stock

In 2022, Alibaba’s Singles Day event brought in $139 billion to set a new one-day record. SINGAPORE , Feb. 29, 2024 /PRNewswire/ — AliExpress, an international online retail marketplace under Alibaba International Digital Commerce Group, is celebrating the first anniversary of its Choice … China’s Alibaba Cloud said on Thursday it will cut prices on its cloud service products by an average of 20% in its second large-scale price adjustment programme in recent years.

Alibaba Group MarketRank™ Stock Analysis

New report quantifies the positive economic impacts of cross-border trade conducted by businesses leveraging Alibaba platforms, tools and solutions NEW YORK , March 6, 2024 /PRNewswire/ — Alibaba Gro… Alibaba Group’s stock was trading at $77.51 at the beginning of 2024. Since then, BABA shares have decreased by 5.1% and is now trading at $73.54. Enter your email address below to receive the latest news and analysts’ ratings for Alibaba Group and its competitors with MarketBeat’s FREE daily newsletter.

Mr. Ma is a billionaire investor, businessman, and philanthropist who believes in an open and free-market economy. The company went public in September 2014 with an IPO on the NYSE. The IPO set a record with its valuation of $25 billion and the company is now worth more than $225 billion and ranked among the 10 most valuable companies by market cap. Alibaba is also ranked 5th largest globally in regards to its work in AI, and it owns the world’s largest B2B, B2C, and C2C eCommerce portals.

Alibaba Chairman Joe Tsai said the company is investing in technology to better cater to consumers as the Chinese tech giant faces more competition, particularly in pricing. Sign-up to receive the latest news and https://www.topforexnews.org/ ratings for Alibaba Group and its competitors with MarketBeat’s FREE daily newsletter. According to analysts, Alibaba Group’s stock has a predicted upside of 43.79% based on their 12-month stock forecasts.

  1. Since then, BABA shares have decreased by 5.1% and is now trading at $73.54.
  2. According to the issued ratings of 16 analysts in the last year, the consensus rating for Alibaba Group stock is Moderate Buy based on the current 3 hold ratings and 13 buy ratings for BABA.
  3. Alibaba Group Holding Limited is an eCommerce and Internet technology giant headquartered in the People’s Republic of China.
  4. Chinese tech companies are gathering all sorts of resources and talent to narrow their gap with OpenAI, and experiences for researchers on both sides of the Pacific Ocean can be surprisingly similar.
  5. Alibaba Group Holding Ltd. led the largest single financing round for a Chinese artificial intelligence startup, joining Tencent Holdings Ltd.

The Chinese holiday is now the largest single day for global online sales each year, and brings in significant revenues for the company. Jack Ma and 17 others founded Alibaba’s online marketplace in 1999, and achieved profitability for the first time in 2001. Alibaba-owned e-commerce platform Daraz Group has announced layoffs across the group to “adopt a more streamlined and agile structure”, acting Chief Executive Officer James Dong said on Tuesday in an … NEW YORK , Feb. 29, 2024 /PRNewswire/ — Alibaba.com , a leading platform for global business-to-business (B2B) e-commerce and part of Alibaba International Digital Commerce Group, today released new …

Stock Ratings Reports and Tools

Alibaba Group Holding Limited specializes in e-commerce, retail, Internet, and technology. The company hosts the largest B2B (Alibaba.com), C2C (Taobao), and B2C (Tmall) marketplaces in the world. Alibaba was founded in 1999 and is headquartered in Hangzhou, China. Alibaba Group Holding Limited is an eCommerce and Internet technology giant headquartered in the People’s Republic of China. Its core platform, Alibaba.com, is the world’s 3rd largest eCommerce platform by sales. The company also aids other businesses with a vast array of digital and logistical solutions with a reach that spans the globe.

Amidst multiple years of market losses in China, geopolitical tensions, and a prolonged property crisis, some U.S. asset managers remain undeterred, seeing potential in Chinese stocks. David Riedel of Riedel Research Group shares stocks he thinks will benefit from policies coming from China’s National People’s Congress. 173 employees have rated Alibaba Group https://www.forexbox.info/ Chief Executive Officer Daniel Yong Zhang on Glassdoor.com. Daniel Yong Zhang has an approval rating of 87% among the company’s employees. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

Sales & Book Value

The initial public offering was the largest ever offering at the time, with the company’s market cap reaching $231 billion. The Chinese central bank moved aggressively to cut a key rate on Tuesday amid support for the property sector. Chinese tech companies are gathering all sorts of resources and talent to narrow their gap with OpenAI, and experiences for researchers on both sides of the Pacific Ocean can be surprisingly similar.

Alibaba Group Holding Limited (BABA)

Alibaba Group Holding Ltd. led the largest single financing round for a Chinese artificial intelligence startup, joining Tencent Holdings Ltd. Lingxi Games, Alibaba Group’s video games arm, has told staff its leadership team will step down to make way for younger management, according to an internal memo.

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