From Nasdaq: 2024-04-15 17:45:21

In the latest market close, Alibaba (BABA) reached $70.62, with a -0.94% movement compared to the previous day. The stock outperformed the S&P 500, which registered a loss of 1.2%. Shares have decreased by 2.9% over the past month, underperforming the Retail-Wholesale sector and the S&P 500.

Investors await Alibaba’s upcoming earnings release, with forecasts predicting an EPS of $1.56 and revenue of $30.96 billion. Analyst estimates and stock moves are closely linked, influencing short-term patterns. Alibaba holds a Zacks Rank #3 (Hold) and boasts a lower Forward P/E ratio compared to its industry.

The Internet-Commerce industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 42, placing it in the top 17% of industries. Research shows top-rated industries outperform lower-rated ones. Monitor these stock-moving metrics and more on Zacks.com for valuable insights.

Zacks has identified a potential high-growth stock poised to double or quadruple in the coming months. An American AI company, with renowned clients like BMW and GE, presents substantial growth opportunities. Zacks has a history of successful stock picks, with past winners like Boston Beer Company and NVIDIA.

For more insights and recommendations from Zacks Investment Research, download their “7 Best Stocks for the Next 30 Days” report for free. Stay informed on the latest stock analysis and news on Alibaba Group Holding Limited with Zacks Investment Research. Follow the link to read more about Alibaba’s recent stock movements and future prospects.



Read more at Nasdaq: Alibaba (BABA) Stock Moves -0.94%: What You Should Know