As of now, Alibaba Group Holding Limited (BABA) holds an average brokerage recommendation (ABR) of 1.35, indicating a strong buy sentiment from 17 brokerage firms. Of these, 14 recommendations, or approximately 82.4%, are classified as Strong Buy. This data reflects insights gathered recently as of September 17, 2024.
Despite the positive ABR, analysts caution that investors should not make decisions based solely on these ratings. Historical data suggests that brokerage recommendations may not reliably predict stock price increases, often driven by self-interest. Current earnings estimates for Alibaba remain unchanged at $8.68, resulting in a Zacks Rank of #3 (Hold), indicating a neutral market stance towards the stock.
Investors are advised to carefully consider the disparity between the ABR and the Zacks Rank before making any investment decisions on Alibaba.
