From Nasdaq: 2024-11-11 17:45:15

Alibaba (BABA) closed at $95.42, up 1.31% from the prior day, outperforming the S&P 500 and Dow. The stock fell 14.48% in the past month. Alibaba plans to announce earnings on November 15, with projected EPS of $2.26 and revenue of $33.47 billion. Analysts expect earnings of $9.52 per share for the full year.

Alibaba is currently rated a #1 (Strong Buy) by Zacks Rank, with a Forward P/E ratio of 9.89, below the industry average. The stock has a PEG ratio of 0.37, indicating strong growth potential. The Internet – Commerce industry ranks in the top 33% of all industries. Investors can track Alibaba on Zacks.com for updates.

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Read more at Nasdaq: Alibaba (BABA) Outpaces Stock Market Gains: What You Should Know