From Nasdaq: 2024-06-24 17:45:20

Alibaba (BABA) stock closed at $74.75, up 1.46%, surpassing the S&P 500. However, it’s down 9.34% in the past month, while experts predict Q1 earnings of $2.24 per share and revenue of $34.95 billion. Alibaba currently holds a Zacks Rank of #3 (Hold).

Compared to its industry average, Alibaba trades at a lower Forward P/E ratio of 8.98 and a PEG ratio of 0.39. The Internet – Commerce industry holds an average PEG ratio of 0.95 and a Zacks Industry Rank of 68, putting it in the top 27%. Utilize Zacks.com for market metrics and updates.

Analysts may be underestimating Alibaba’s potential as it gears up for earnings release. These “Whisper” stocks could surprise with a jump of +10-20%. Stay informed with Zacks Investment Research for the latest stock recommendations and analysis. Check out the full article for more details on Alibaba’s stock performance and trends.



Read more at Nasdaq: Alibaba (BABA) Rises As Market Takes a Dip: Key Facts