Alibaba Group Holding Limited : Close to an important medium term support level
Entry price | Target | Stop-loss | Potential |
---|
US$87.11 |
US$102 |
US$79 |
+17.09% |
---|
The recent downward movement has sent Alibaba Group Holding Limited shares back to attractive levels situated around 75.5 USD. This zone could put an end to the downward movement and offers a good timing for new long positions.
Summary● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
● The company presents an interesting fundamental situation from a short-term investment perspective.
Strengths● The company's profit outlook over the next few years is a strong asset.
● The company is in a robust financial situation considering its net cash and margin position.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● Analyst opinion has improved significantly over the past four months.
Weaknesses● For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
● The price targets of various analysts who make up the consensus differ significantly. This reflects different assessments and/or a difficulty in valuing the company.
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