Alibaba Group Holding shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term. Investors have an opportunity to buy the stock and target the $ 220.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has poor fundamentals for a short-term investment strategy.
According to sales estimates from analysts polled by Thomson-Reuters, the company is among the best with regard to growth.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Historically, the company has been releasing figures that are above expectations.
Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
Analysts covering this company mostly recommend stock overweighting or purchase.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 177.16 USD
Stock prices approach a strong long-term resistance in weekly data at USD 208.
Technically, the stock approaches a strong medium-term resistance at USD 210.86.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
The company's "enterprise value to sales" ratio is among the highest in the world.
With an expected P/E ratio at 46.12 and 33.11 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
For the past year, analysts have significantly revised downwards their profit estimates.