Alibaba Group (NYSE:BABA) Given New $178.00 Price Target at Nomura

Alibaba Group (NYSE:BABA) had its price objective dropped by stock analysts at Nomura from $207.00 to $178.00 in a research note issued on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Nomura’s price objective points to a potential upside of 84.52% from the stock’s previous close.

BABA has been the subject of a number of other reports. DZ Bank cut Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 target price for the company. in a research note on Friday, March 20th. Barclays increased their price target on shares of Alibaba Group from $186.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Susquehanna upped their target price on Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, May 15th. Zacks Research raised Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group reduced their price target on Alibaba Group from $225.00 to $212.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus target price of $187.38.

Alibaba Group Stock Performance

Alibaba Group stock opened at $96.47 on Thursday. The stock has a 50-day simple moving average of $127.23 and a 200 day simple moving average of $140.87. The stock has a market capitalization of $231.43 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 1.78 and a beta of 0.47. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. Alibaba Group has a 12-month low of $97.42 and a 12-month high of $192.67.

Alibaba Group (NYSE:BABA) last released its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. The company had revenue of $35.30 billion during the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%. On average, research analysts anticipate that Alibaba Group will post 6.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

Institutional investors have recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after buying an additional 981 shares during the period. AQR Capital Management LLC acquired a new stake in Alibaba Group in the first quarter worth $254,000. Bank of Nova Scotia grew its holdings in Alibaba Group by 313.0% in the second quarter. Bank of Nova Scotia now owns 21,778 shares of the specialty retailer’s stock worth $2,470,000 after purchasing an additional 16,505 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of Alibaba Group during the 2nd quarter worth about $1,613,000. Finally, Ieq Capital LLC boosted its position in shares of Alibaba Group by 51.9% during the 2nd quarter. Ieq Capital LLC now owns 70,060 shares of the specialty retailer’s stock worth $7,946,000 after purchasing an additional 23,925 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group News Summary

Here are the key news stories impacting Alibaba Group this week:

• Negative Sentiment: Anthropic accused Alibaba and its AI unit of running a large-scale effort to extract Claude model capabilities, alleging the “largest known distillation attack” and prompting concern over legal, regulatory, and reputational risk. Reuters article
• Negative Sentiment: Reports say Alibaba shares fell to a 16-month low after the Anthropic allegations, as investors worried the controversy could complicate its AI ambitions and increase scrutiny from U.S. authorities. Yahoo Finance article
• Neutral Sentiment: Alibaba sued the Pentagon over its blacklisting as a Chinese military-linked company, arguing the designation has no factual or legal basis; while this could help if successful, it also highlights ongoing U.S.-China geopolitical and contract-access risk. Yahoo Finance article
• Neutral Sentiment: Alibaba also continued to push its AI product strategy, including lower-cost Qwen offerings and new model releases, but those developments were overshadowed by the controversy. SCMP article

Alibaba Group Company Profile

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co?founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high?profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.