From Nasdaq: 2024-07-08 17:45:18

Alibaba (BABA) closed trading at $73.50, down 1.37% from the previous day, underperforming S&P 500. In the past month, BABA shares dropped 4.96%, while the Retail-Wholesale sector gained 3.31%. Analysts forecast Q4 EPS of $2.24, down 6.67%, with revenue of $34.95 billion, up 8.22% YoY.

Alibaba’s Zacks Rank of #3 (Hold) reflects latest estimate changes. Forward P/E of 9.09 indicates a discount compared to industry average of 13.92. PEG ratio at 0.39 suggests strong earnings growth potential. Internet-Commerce industry ranks in top 24% of all industries based on Zacks Industry Rank.

Zacks experts identify a little-known chemical company set to double in stock value. With 2022 earnings estimates soaring, the company has potential for explosive growth. This stock could outperform recent strong performers like Boston Beer Company (+143.0%) and NVIDIA (+175.9%) in the past year.

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Read more at Nasdaq: Alibaba (BABA) Stock Declines While Market Improves: Some Information for Investors