BABA is cheap - below all analysts targets
Technical analysis (daily chart)
Fundamental analysis
BABA is a buy right now @$177. Well below analyst price average targets of $225. (Over 25%)
Fair value Morningstar note
Our fair value estimate is $240 per ADS incorporates management's full-year fiscal 2020 outlook calling for over CNY 500 billion in revenue (representing 33% growth year over year).
*Meaning... If they achieve this growth, the price target will make sense.
Good luck!
dorfmanmaster
Fundamental analysis
BABA is a buy right now @$177. Well below analyst price average targets of $225. (Over 25%)
Fair value Morningstar note
Our fair value estimate is $240 per ADS incorporates management's full-year fiscal 2020 outlook calling for over CNY 500 billion in revenue (representing 33% growth year over year).
*Meaning... If they achieve this growth, the price target will make sense.
Good luck!
dorfmanmaster
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