Alibaba: The E-commerce and Cyber Leader in Asia
Alibaba Group Holding Ltd. (NYSE: BABA) runs the largest retail marketplaces and leading B2B sites throughout Asia. Hedge funds under Dan Loeb also have been buyers of late. Alibaba has been migrating from an e-commerce and online sales platform into a conglomerate of businesses with logistics, finance, data and cross-border infrastructure. Analysts expect big compounded growth to continue in its markets, along with mobile app growth.
Trading at $177.62, Alibaba has a consensus price target of $208.53, which implies upside of over 17%. Alibaba’s price target has been steadily rising. That consensus target was closer to $195 in mid-October, before its earnings report. And some analysts see much better upside, with Susquehanna’s $220 target price implying upside of almost 24%.
Shares of Alibaba have a 52-week range of $86.01 to $191.75. The market cap is $459 billion. Its shares were up 102.3% so far in 2017.
Alphabet: Still Google … and Still Going Strong
Alphabet Inc. (NASDAQ: GOOGL) has been seen at $1,049 in its most recent trading. The company the rest of us know as Google has grown and grown, with its own technology offerings, mobile phones, YouTube and about 100 other efforts. The company also seeks to be a leader in autonomous driving systems ahead. Some investors may still be hoping for a dividend.
With shares trading at $1,049, the $1,178 consensus price target implies upside of more than 12% in the coming 12 months. That may not be massively higher on the surface, but Evercore ISI still sees 17% upside to $1,230 and Credit Suisse sees over 28% upside to its $1,350 price target. Alphabet’s consensus price target also has risen from $1,100 in mid-October.
Alphabet has traded in a 52-week range of $789.62 to $1,080.00, and it has a market cap of $723.2 billion. Its shares were up 32.4% so far in 2017.
Applied Materials: Giving the Chipmakers What They Want and Need
Applied Materials Inc. (NASDAQ: AMAT) is effectively the leader when it comes to selling chip-makers equipment and software to assist in their ever more modernized chip designs. They have been growing and growing with an expected floor of 10% earnings growth expected. Trading at $51.25, Applied Materials shares have pulled back about 15% from their high, but the consensus analyst price target of $68.00 would imply that Applied Materials shares could rise more than 32% in the coming 12 months.
That consensus target was just under $60 as recently as mid-November. Citigroup sees Applied Materials shares worth as much as $70, and Merrill Lynch now sees its shares worth $80.
Applied Materials has a 52-week range of $31.66 to $60.89. The market cap is $54.8 billion, and its shares were up 59.4% so far in 2017.
Broadcom: Set to Grow, With or Without Qualcomm
Broadcom Ltd. (NASDAQ: AVGO) has seen its shares grow and grow. What’s left of the Avago-Broadcom merger now has Qualcomm shares in its M&A sights, and the company is relocating its headquarters back to the United States. Broadcom is growing rapidly on its own, with organic growth expected to continue in 2018 and later years. If it somehow manages to win in its ambitious Qualcomm buyout, Broadcom could become the biggest chip-maker in the world.
The $312.43 consensus analyst target implies upside of 20% from the recent $260 share price. And Broadcom also pays better than a 2% dividend yield to add to total return expectations. Unfortunately, until the Qualcomm issue is resolved it could weigh on the company — and if it loses then who might Broadcom target next?
Broadcom has a 52-week range of $173.31 to $285.68 and a market cap of $112.7 billion. Its shares were up 47.0% so far in 2017.
Facebook: Kicking You Know What on Mobile Usage
Facebook Inc. (NASDAQ: FB) is now effectively the unchallenged leader in social media. And if it lags or isn’t leading in competition, it simply copies and mirrors the other products and services of others. Facebook is expected to have secular growth, and it has proven that mobile can be a winning space for at least some companies over the desktop.
Facebook recently traded at $179.00, and the consensus target price of $208.21 still implies upside of 16.3%. Facebook’s consensus target price is also up from $196 in mid-October, before earnings. Evercore ISI sees upside of over 25% to its $225 price target.
The 52-week trading range is $114.77 to $184.25, and Facebook’s market cap is $521.9 billion. The stock was up 55.6% so far in 2017.
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