The company is engaged in online retail sales of a variety of goods. Alibaba is the world's largest e-commerce company, measured at $1 trillion as of the fiscal year ended. It operates the most popular marketplaces in China. The company is also involved in other areas such as cloud computing, entrepreneurship, and digital media innovation, among others.
Analyst coverage (also in the image attached to the text): Alibaba (BABA) PT Lowered to $330 at Goldman Sachs
Susquehanna Patil reiterated his Positive rating and $350 price target
According to these recommendations given yesterday and today, there is an upside of about 45% here.
Technically: Current price: $211.38 First target (in my view): $245.60 Second target (in my view): $280 Stop loss: $196.60 Debt to equity ratio: 0.5
A few notes on Alibaba's report
This is the annual report. The company's fiscal year ends in March.
So it's worth starting by saying that in the past year, the company reached a milestone of one billion active customers. Transaction volume stood at $1.2 trillion.
For comparison, for Amazon the number is $490b, which is less than half.
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