Brokers bullish on Alibaba Holding shares
The Alibaba Holding (NYQ:BABA) share price has risen by 1.39% over the past month and it’s currently trading at 261.89. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Alibaba Holding currently has:
- 19 Buy recommendations
- 0 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
Researching beyond analyst forecasts
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Alibaba Holding it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Alibaba Holding that you can find out about here.
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