Broker recommendations for Alibaba Group Holding Ltd.
The Alibaba Group Holding Ltd. stock is rated at 1.0625 (on a scale 1-3, where 1 is ‘strong buy‘ and 3 is ‘strong sell‘) from Friday 31 July, 2020 by a total of 57 brokers. This means that the consensus of the 57 different brokers is leaning toward to buy.
Sell
0 (0%) Underweight
0 (0%) Hold
1 (1.75%) Overweight
5 (8.77%) Buy
50 (87.72%)
Price target by analysts
The 54 latest analyst estimates, per Monday 3 August, 2020, show the following high, low and average price targets.
Target Average: 2014.82 CNY
Target High: 2342.93 CNY
Target Low: 1642.12 CNY
Alibaba Health new share sale raises US$1.3 billion in biggest ever Hong Kong health care placement
Wednesday, 5 August 2020, 07:30:16
Alibaba Health Information Technology has increased the size of its follow-on new share sale launched Tuesday night by 25 per cent, raising US$1.3 billion amid strong demand from investors.At US$1.3 billion, it is the largest ever follow-on share sale by a health care company in Hong Kong, surpassing CSPC Pharmaceutical Group’s US$1.26 billion follow-on offering in April 2015, data from Refinitiv shows.The flagship health care platform of Alibaba Group Holding’s initial 400 million new shares…
— South China Morning Post
India fourth in terms of start-up unicorn numbers; less than tenth of China’s: Hurun index
Wednesday, 5 August 2020, 04:00:00
Interestingly, of the 21 Indian unicorns, Chinese investors like Alibaba, Tencent and DST Global have invested in 11 of them. Japanese investor Softbank has investments in 9 of them, while the USA’s Tiger Global has invested in 5.
— The Financial Express
Alibaba Health raising US$1 billion through new share sale for expansion
Tuesday, 4 August 2020, 16:00:41
Alibaba Group’s flagship health care platform will sell 400 million new shares priced between HK$20.05 and HK$20.5 each, according to deal’s term sheet.
— South China Morning Post
Why Alibaba Stock Gained 16% Last Month
Tuesday, 4 August 2020, 15:25:00
The Chinese tech giant surged in July as retail investors in China responded to a call to buy stocks.
— The Motley Fool
The Consumer Comeback in China Bodes Well for Alibaba
Tuesday, 4 August 2020, 14:49:11
Consumer preferences are shifting in China, but that’s not necessarily a bad thing for the owners of Alibaba stock.
— InvestorPlace
