$Alibaba(BABA)$ 🔺🅱️ullish🔺 I reopened positions on BABA once it hit my lower Fib level $108.70
Next levels up $112.69, $115, $119, $127.30
It's likely to reach between $121 and $126
$Softbank Group Corp(SFTBY)$ Will invest $500 million in OpenAI, making tech conglomerate's first investment in the ChatGPT maker ~ The Investment
SoftBank is the major shareholder of Baba and $CPNG Coupang.
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Stock Analysis - Alibaba (BABA)
Business Overview:Alibaba Group is a leading technology company that provides a wide range of internet-based services. It operates through various segments including Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives. Alibaba has a significant presence in e-commerce, digital payments, cloud computing, and other technology-enabled sectors.
Earnings Analysis:
The latest earnings report for Alibaba was for the first quarter of 2025 (2025Q1).
The EPS (Earnings per Share) for the quarter was 10.04 CNY.
The gross profit margin was 39.93%, indicating a healthy level of profitability.
The return on equity (ROE) was at 10.09%, reflecting the company's ability to generate returns for its shareholders.
The forecasted EPS for the full year 2025 is 62.80 CNY, with an estimated gross income of 1,007.18 billion CNY.
Trend Analysis:
The stock price of Alibaba on September 30, 2024, was $107.73 USD.
The support price on September 27, 2024, was $105.8 USD, indicating a level where buying pressure could emerge.
The resistance price on September 27, 2024, was $107.4 USD, indicating a level where selling pressure could increase.
The average cost of the stock on September 27, 2024, was $92.75 USD, representing the average price at which investors have bought the stock.
The capital flow for the past five days indicates fluctuations in both inflow and outflow of funds.
Analyst Viewpoints:
Analysts have provided various recommendations for Alibaba stock, with 26 buy, 8 hold, and 14 recommend.
The mean target price forecasted by 42 analysts is $107.89475 USD, with a low estimate of $79.7 USD and a high estimate of $146.0 USD.
Bullish News:
There are no specific recent news articles or events available related to Alibaba.
Please note that the above analysis is for informational purposes only and should not be considered as investment advice. It is essential to conduct thorough research and consult with a financial advisor before making any investment decisions. Investing in the stock market involves risks, and stock prices can fluctuate based on various factors.
Let me know if you need any further information.
Levels above $108.7o, $112.69, $115, $119 and $127.30
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