vested
Alibaba
This continues to be among the most bought tech stocks on Wall Street.
Alibaba Group Holding Ltd. (NYSE: BABA) runs the largest retail marketplaces (Taobao, TMall) and leading B2B sites (Alibaba.com, 1688.com) in China and Lazada in Southeast Asia.
It collects revenues mainly from commissions, marketing services, subscription fees, cloud computing and software, as well as other value-added services.
Alibaba has gone beyond e-commerce and developed into a sophisticated new type of conglomerate in the cyber-era with e-commerce as the base for the rest of the four businesses: 1. Logistics
2. Finance
3. Data-computing and
4. Cross-border infrastructure.
Top analysts expect a whopping 24% compounded annual growth rate between now and 2020 for e-commerce in China.
The Raymond James price target for the stock is a stunning $280, while the posted consensus target price is $224.34.
Source: Raymond James