From NASDAQ.: 2024-04-09 17:45:17

In the latest trading session, Alibaba (BABA) closed at $72.99, showing a +1.78% increase from the previous day, outperforming the S&P 500’s gain. However, with a 4.21% loss in the past month, Alibaba lags behind the Retail-Wholesale sector. Analysts expect an EPS of $1.56 and revenue of $31.19 billion in its upcoming earnings disclosure.

Investors are advised to monitor analyst projections for Alibaba, as estimate changes often reflect business trends and can impact stock prices. The Zacks Rank system assigns Alibaba a #2 (Buy) rating, with a steady Zacks Consensus EPS estimate and a Forward P/E ratio of 8.11, indicating undervaluation relative to the industry average.

The Internet – Commerce industry, where Alibaba operates, ranks 47 out of 250+ industries, signifying strong performance. Zacks Investment Research offers a Special Report on 5 dividend-paying stocks for retirement planning, covering diverse sectors like property management, upscale outlets, financial institutions, and energy producers. Download the report for free to access essential insights.



Read more at NASDAQ.: Alibaba (BABA) Laps the Stock Market: Here’s Why