What is the projection for Alibaba
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Based on the information provided, it is difficult to provide a clear projection for Alibaba. However, we can analyze the stock from three dimensions:
Stock trend analysis: According to the analysts' opinion, the target price ranges from 72 to 187 USD for Alibaba. Currently, Alibaba's latest price as of 2023-08-19 is $88.03 (USD), and the latest price as of 2023-08-19 is 87.0 (HKD). There is a support price at $88.37 (USD) and a resistance price at $90.77 (USD) for the US market, while there is a support price at HKD 77.6 and a resistance price at HKD 90.1 for the HK market. It is important to note that there is no bullish news and recent bearish news associated with Alibaba.
Fund flow analysis: According to the capital flow data, Alibaba's capital flow for one day is a big inflow of $149.54M, median inflow of $48.20M, and small inflow of $537.07M, while the big outflow is $94.25M, median outflow is $43.16M, and small outflow is $538.97M. In the past five days, Alibaba's capital flow data showed that there were net outflows from the stock.
Valuation rating: The mean target price for Alibaba is $135.52448, and the number of analysts recommending or buying Alibaba's stock is greater than the number of analysts that are neutral or underperform. However, the stock is still traded at a relatively lower valuation with roughly an 11x P/E ratio - making it "utility-like."
In conclusion, based on the limited information provided, there is no clear projection for Alibaba. Investors should pay close attention to the stock's trend, capital flow, and valuation.
Reference articles:
Alibaba Stock: A Look at the Prospects
Earnings Outlook for Chinese Stocks
Alibaba: New Perspectives And Lesser Known Aspects
Is Alibaba A Buy? Q2 2023 Earnings Report
Alibaba: Still Deeply Undervalued
Alibaba’s Options Signal Increasing Optimism Ahead of Earnings