<div id="readability-page-1"><p><span>Alibaba Group (NYSE:BABA - Get Free Report)</span> had its price objective hoisted by Citigroup  from $148.00 to $187.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a &#34;buy&#34; rating on the specialty retailer's stock. Citigroup's price objective would suggest a potential upside of 36.85% from the company's previous close.</p><ul><li>Alibaba Rallies on New AI Chip Design, Sending NVIDIA Stock Lower</li></ul><p>A number of other brokerages also recently issued reports on BABA. Wall Street Zen downgraded shares of Alibaba Group from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Friday, June 27th. Bank of America boosted their price target on shares of Alibaba Group from $135.00 to $152.00 and gave the stock a &#34;buy&#34; rating in a research report on Tuesday. Loop Capital  set a $176.00 price target on shares of Alibaba Group in a research report on Friday, May 16th. Robert W. Baird lifted their price objective on shares of Alibaba Group from $142.00 to $153.00 and gave the company an &#34;outperform&#34; rating in a research note on Tuesday. Finally, UBS Group  reiterated a &#34;buy&#34; rating on shares of Alibaba Group in a research note on Sunday. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $164.62.</p><div><p><span></span><span>Get <strong>Alibaba Group</strong> alerts:</span></p></div><p><b>Read Our Latest Research Report on Alibaba Group</b></p><h2>Alibaba Group Trading Up 1.2%</h2><ul><li>These 3 Chinese Stocks Could Be a Ticking Time Bomb of Growth</li></ul><p>Shares of NYSE BABA traded up $1.64 during midday trading on Tuesday, reaching $136.64. The stock had a trading volume of 23,863,187 shares, compared to its average volume of 21,161,889. The firm has a market cap of $325.79 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.99 and a beta of 0.11. Alibaba Group has a twelve month low of $80.06 and a twelve month high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. The company's 50 day moving average price is $117.95 and its 200 day moving average price is $121.80. </p><h2>Institutional Trading of Alibaba Group</h2><p>Hedge funds and other institutional investors have recently bought and sold shares of the business. 1248 Management LLC bought a new stake in  Alibaba Group during the 1st quarter valued at $26,000.  North Ridge Wealth Advisors Inc. bought a new stake in  Alibaba Group during the 1st quarter valued at $26,000.  Summit Securities Group LLC increased its stake in  Alibaba Group by 100.3% during the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 59,000 shares in the last quarter.  Ransom Advisory Ltd bought a new stake in  Alibaba Group during the 1st quarter valued at $26,000.  Finally, Hazlett Burt &amp; Watson Inc. increased its stake in  Alibaba Group by 1,960.0% during the 1st quarter. Hazlett Burt &amp; Watson Inc. now owns 206 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 196 shares in the last quarter. Institutional investors own  13.47% of the company's stock. </p><h2>About Alibaba Group</h2> (Get Free Report)<ul><li>For True Diversification: 3 Stocks You Can Buy Now</li></ul><p>Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Alibaba Group</li><li>How to Evaluate a Stock Before Buying </li><li>3 Heavily Shorted Stocks That Could Prove the Bears Wrong</li><li>3 Stocks to Consider Buying in October</li><li>Is Fund Flow Hype Real? 3 ETFs With Big Inflows in the Last Month</li><li>3 REITs to Buy and Hold for the Long Term</li><li>What to Watch for From D-Wave Now That Earnings Are Done</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQkE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQkE"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Alibaba Group Right Now?</h2><p>Before you consider Alibaba Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.</p><p>While Alibaba Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Citigroup has raised its price target for Alibaba Group (NYSE:BABA) from $148.00 to $187.00, maintaining a "buy" rating. This new target suggests a potential upside of 36.85% from the previous close. Other brokerages have also adjusted their ratings, with a consensus rating of "Moderate Buy" and a price target of $164.62. Alibaba's stock traded up 1.2% to $136.64, with a market cap of $325.79 billion and a P/E ratio of 15.89. Institutional investors hold 13.47% of the company's stock.</p>

- Citigroup raised Alibaba Group's price target from $148.00 to $187.00, indicating a potential upside of 36.85%.  
- Other brokerages have varied ratings, with twelve analysts giving a "Buy" rating and two a "Hold," leading to a consensus price target of $164.62.  
- Alibaba's stock traded up 1.2% to $136.64, with institutional investors owning 13.47% of the company.  

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Alibaba Group (NYSE:BABA) Given New $187.00 Price Target at Citigroup