Shares of Alibaba Group Holding Ltd BABA lost 17.5 percent over January, but have recuperated almost 11 percent since the start of February. After said run-up, top raters at the Vetr community decided to downgrade the stock from 4.5 Stars to 4.0 Stars -- out of a possible 5.0 Star rating.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
However, it should be noted that the crowd is still optimistic on the stock; in fact, 70 percent of their ratings are bullish. Moreover, the crowd has set a price target of $81.26, which implies an upside of more than 10 percent from current valuations.
Wall Street is even more positive, and has set a price target of $94.18 per share.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.