From Nasdaq: 2024-05-01 09:30:09

Wall Street analysts’ recommendations can impact stock prices, but their bias towards positive ratings can misguide investors. Alibaba’s average brokerage recommendation is 1.38, with 81.3% rating it a Strong Buy. However, consider using Zacks Rank, a more reliable tool based on earnings estimate revisions, which gives Alibaba a Zacks Rank #5 (Strong Sell) due to declining EPS estimates.

Earnings estimate revisions reflect a decline in Alibaba’s prospects, leading to a Zacks Rank #5. Analysts’ pessimism and recent changes in consensus estimates suggest a potential stock plunge. To make a profitable investment decision, consider utilizing Zacks Rank alongside brokerage recommendations, but take Alibaba’s Buy-equivalent ABR with caution.

Zacks experts recommend 5 stocks set to double, with previous picks soaring up to +673%. Most picks are under Wall Street radar, providing opportunity for significant gains. For potential home runs in 2024, investigate the list of Zacks’ top picks. Check out the free stock analysis report on Alibaba for more insights.



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