From Nasdaq:

Alibaba (BABA) closed at $72.88, marking a -0.18% move from the previous day. Shares saw a 1.21% gain over the last month, trailing the Retail-Wholesale sector’s 2.51% gain and Zacks’ estimated 0.4% rise in EPS projection in the past 30 days.

For the upcoming earnings release, Alibaba is forecasted to report an EPS of $2.83, showing a 1.43% upward movement from the last year. The Zacks Consensus Estimates project earnings of $9.12 per share and revenue of $133.01 billion for next year. Alibaba currently has a Zacks Rank of #3 (Hold).

Alibaba is currently exchanging hands at a Forward P/E ratio of 8.01, a discount compared to its industry’s average Forward P/E of 19.92. The Internet – Commerce industry currently holds a Zacks Industry Rank of 70, in the top 28% of Zacks’ 250+ industries.

Zacks Top 10 Stocks for 2024 account for 10 of the best-performing stocks chosen by Zacks. This portfolio gained almost 3 times the S&P 500’s +340.1%.

To see the latest recommendations by Zacks Investment Research, download 7 Best Stocks for the Next 30 Days. Also check out the free Stock Analysis Report on Alibaba Group Holding Limited (BABA).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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