NYSE:BABA Alibaba group a great move ! The potential of the idea is 18,8% in 2--6 weeks. Alibaba surging on its new organizational and governance structure, splitting into six major business groups each with a CEO. Alibaba named Research Tactical Idea Call at Morgan Stanley-tgt $150. Investors should also note Alibaba's current valuation metrics, including its Forward P/E ratio of 13.25. This represents a discount compared to its industry's average Forward P/E of 18.08. It is also worth noting that BABA currently has a PEG ratio of 1.04. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Commerce industry currently had an average PEG ratio of 1.16 as of yesterday's close.
Tactical Idea Long above 101. Risk/reward ratio 3.94 Target 120 Stop 96.
This announcement is for information purposes only and does not constitute an individual investment recommendation or an offer to purchase such securities.
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