Boeing, Adobe slip premarket; RH soars By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 13 2024
0mins
Should l Buy BABA?
Source: Investing.com
US Stock Market Overview: US stock index futures remained steady as investors anticipate lower interest rates ahead of a Federal Reserve meeting, with notable premarket movements including Boeing workers voting to strike and Adobe missing revenue guidance.
Company-Specific Updates: Shares of Moderna fell after a downgrade from analysts, while Upwork saw a slight increase due to activist investor interest; RH reported better-than-expected earnings, boosting its stock, and Vistra Energy was highlighted as a top pick by Jefferies.
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Analyst Views on BABA
Wall Street analysts forecast BABA stock price to rise
15 Analyst Rating
15 Buy
0 Hold
0 Sell
Strong Buy
Current: 123.730
Low
180.00
Averages
203.09
High
230.00
Current: 123.730
Low
180.00
Averages
203.09
High
230.00
About BABA
Alibaba Group Holding Ltd is an investment holding company mainly engaged in the provision of technology infrastructure and marketing platforms. The Company operates its business through four segments. The Alibaba China E-commerce Group segment is mainly engaged in E-commerce business, including operating Tmall Supermarket and Tmall Global, providing customer management services, product sales, as well as logistics services. It also operates quick commerce business such as Taobao Instant Commerce and Ele.me, as well as the China commerce wholesale business through 1688.com. The Alibaba International Digital Commerce Group segment is mainly engaged in international commerce retail and wholesale business, operating platforms such as AliExpress, Trendyol, Lazada and Alibaba.com. The Cloud Intelligence Group segment mainly provides public and non-public cloud services. The Other segments primarily include the operations of Freshippo, Cainiao, Alibaba Health and other business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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