According to Fintel, on May 23, 2023, Susquehanna reaffirmed its coverage of Alibaba Group Holding Ltd – ADR (NYSE:BABA) with a positive recommendation. As of May 11, 2023, the consensus price target for BABA over the next year is $147.81, suggesting a potential upside of 71.67% from its latest closing price of $86.10.
In addition, the projected annual revenue for BABA is $991.825 billion, which represents an estimated growth of 14.18%. The average portfolio weight of all funds holding BABA stocks is 1.25%, with a total of 1680 funds or institutions reporting positions in the company.
Notably, the put/call ratio of BABA is 0.43, indicating a bullish sentiment among investors.
Various institutional investors, including Primecap Management, Dodge & Cox, Price T Rowe Associates, and FIL, have made changes to their positions in BABA in recent filings.
Alibaba Group Holding is a company with a mission to make it easy to do business anywhere. The company envisions building the future infrastructure of commerce and being a good company that lasts for 102 years.
This story was originally published on Fintel.
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