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Mizuho Securities Thinks Alibaba’s Stock is Going to Recover

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Mizuho Securities analyst James Lee maintained a Buy rating on Alibaba (BABAResearch Report) on January 7 and set a price target of $215.00. The company’s shares closed last Wednesday at $127.74, close to its 52-week low of $108.70.

According to TipRanks.com, Lee is a 4-star analyst with an average return of 11.4% and a 59.1% success rate. Lee covers the Technology sector, focusing on stocks such as Tencent Holdings Limited, Uber Technologies, and Alphabet Class A.

Currently, the analyst consensus on Alibaba is a Strong Buy with an average price target of $192.65, representing a 50.4% upside. In a report issued on January 10, Citigroup also maintained a Buy rating on the stock with a $216.00 price target.

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Alibaba’s market cap is currently $342.3B and has a P/E ratio of 18.25.

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Alibaba Group Holding Ltd. operates online and mobile marketplaces in retail and wholesale trade. It has four business segments: Core Commerce (includes Taobao marketplace, Tmall, 1688.com, Lazada, Alibaba.com and others); Cloud Computing; Digital Media and Entertainment (includes Youko Tudou, Alibaba Pictures and other content platforms); and Innovation Initiatives and Others (includes Amap, DingTalk and Tmall Genie). The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.

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