Alibaba shares reached a new high at the close of US stocks this week, closing at $ 182.09, which also gave Alibaba a market value of more than $ 460 billion, according to a report on Oct. 10 . This result also let Alibaba Board Chairman Ma’s soar further.
Alibaba Shares
Alibaba US stock price reached a closing price of 182.09 US dollars on Monday, which also broke the September 19 record made this year, closing at 180.07 US dollars. This is Alibaba’s highest closing price since the September 2014 IPO. According to Monday’s closing price, the current Alibaba market value is 460.6 billion US dollars.
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In August, Barclays’ analysts, Ross Sandler and Gregory Zhao said that Alibaba’s growth is striking. Alibaba stock target price has gone from 180 US dollars to 200 US dollars. At that time, Alibaba officially released the first quarter earnings in the revenue and net profit were more than analysts expected in the first quarter.
Also Read: Life Lessons We Can Learn From Jack Ma, AliBaba’s Founder
As you can see above, the price of the shares have risen significantly in the last five days.
