Broker Recommendations and Target Prices for Alibaba (9988.HK) - November 2021
Introduction
Alibaba is one of the few growth stocks in my portfolio, and I have previously written an article on the stock which provided an estimate of the Intrinsic Value, Margin of Safety and Return on Investment based on the Discounted Earning Model. The table below summarizes the latest Broker Recommendations and Target Prices for Alibaba (9988.HK) trading on the Hong Kong Stock Exchange, courtesy of AAStocks.com.
Summary Table of Broker Recommendations and Target Prices for Alibaba (9988.HK)
| Brokers | Ratings | Target Prices (HK$) |
| Jefferies | Buy | 328 |
| BOCOMI | Buy | 296 |
| DBS | Buy | 293 |
| CGI | Overweight | 287 |
| First Shanghai | Buy | 286.61 |
| CMSI | Buy | 273 |
| Deutsche | Buy | 262 |
| Guotai Junan | Buy | 260 |
| GF Securities | Buy | 251.62 |
| JP Morgan | Overweight | 250 |
| Bank of America Securities | Buy | 248 |
| Goldman Sachs | Buy (Conviction Buy List) | 246 |
| SPDBI | Buy | 245 |
| CITIC Securities | Buy | 238 |
| ICBCI | Buy | 238 |
| Citigroup | Buy | 232 |
| UBS | Buy | 229 |
| HSBC Global Research | Buy | 221 |
| Daiwa | Buy | 220 |
| Guosheng Securities | Buy | 219 |
| CCBI | Outperform | 218.3 |
| UOB Kay Hian | Buy | 214 |
| KGI Securities | Hold | 205 |
| BOCI | Buy | 204 |
| CICC | Outperform | 203 |
| Credit Suisse | Outperform | 186 |
Average Target Price for Alibaba and potential upside
The average of the target prices from different Brokers works out to be 244.37HK$ per share. On 8th November, Alibaba shares trading on the Hong Kong Stock Exchange closed at 157.30HK$, presenting a potential upside of 55.3%.
Disclaimer:
This article is a record of the thinking behind a personal investment decision. It does not represent any recommendation to purchase any stock mentioned in the article. As always, readers are strongly advised to do their own due diligence before making any investment decisions.