Alibaba Stock Forecast: BABA shares in turnaround mode after Singles Day record

290,000 brands took part in Alibaba's Singles Day.
Alibaba's 13th Singles Day brought in a record $84.7 billion.
BABA stock kicker formation forecasts bullish reversal.

Clay Webster FXStreet

Despite much hoopla about regulatory woes and government obstinance, and the repeated certainty by critics that this year the event would be "muted," Alibaba (BABA) shares jumped on both Wednesday and Thursday on positive news regarding the e-commerce giant's Singles Day. At the time of writing, BABA shares are down 1.8% at $164.88 at the start of Friday's session.

Alibaba Stock News: Singles Day sales up 14%

Alibaba's Singles Day – the largest shopping day event of its kind in the world – brought in $84.7 billion in gross merchandise sales. This was 14% higher than last year, a time when BABA stock first began to slide after Chinese regulators put a halt to the IPO of ANT Financial, a one-time subsidiary.

This was the 13th year of the event. Though many critics focused on the sales growth slide of the event, the figures appear impressive since China is facing both a supply chain slowdown and a fall in consumer spending.

Last week, Alibaba Cloud unveiled both new custom proprietary servers for use at its data centers and in-house designed Yitian 710 server chips, as well as announcing the construction of two new data centers in Thailand and South Korea.

With less than one week before the next earnings results, Wall Street consensus has Alibaba reporting earnings per share (EPS) of $1.95 – 28% lower than the year prior – on revenue of just over $32 billion. That last figure should warm the hearts of some investors as it is a 36% gain YoY from the $23.5 billion in revenue reported in the same quarter last year.

BABA key statistics

Market Cap	$453 billion
Price/Earnings	18.9
Price/Sales	3.6
Price/Book	2.8
Enterprise Value	$393.6 billion
Operating Margin	13.7%
Profit Margin	19.3%
52-week high	$319.32
52-week low	$138.43
Short Interest	2.7%
Average Wall Street Rating and Price Target	Buy 243.18

BABA Stock Technical Analysis: A kicker to boot

Alibaba stock had been trending down since the end of October in what seemed like a prolonged correction. BABA appears to have found its legs, however, on Wednesday, when the stock decided to go against the grain and open well above Tuesday's close. Thursday again showed another kicker candlestick that opened above the high on Wednesday. This is significant since Wednesday saw a long wick on top pushed down by bears.

Typically, a kicker pattern like this is the sign of a reversal. If last Friday's low in the $158s is truly the bottom, then bulls need to confirm this by pushing to a new high above the October 20 high of $182.32. If BABA stock can surmount that prior swing high, then this will confirm that the stock is traversing a new ascending price channel.

BABA daily chart

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to Premium Sign In

Author

Clay Webster

FXStreet

Clay Webster grew up in the US outside Buffalo, New York and Lancaster, Pennsylvania. He began investing after college following the 2008 financial crisis.

GBP/USD appears well offered near 1.3160

GBP/USD builds on Tuesday’s losses, although it now manages to pick up some pace and bounce off earlier multi-month troughs near 1.3140. The Greenback’s solid performance and continued political turmoil in the UK are keeping Cable under persistent pressure, with little sign of a meaningful recovery.

EUR/USD rebounds from lows, back to 1.1360

After bottoming out near 1.1320, EUR/USD gathers some traction and reclaims the 1.1350-1.1360 band as the NA session draws to a close on Wednesday. The pair’s drop to multi-month lows comes in response to the continuous leg higher in the US Dollar, which remains propped up by hawkish Fed expectations and uncertainty over the outcome of US-Iran peace negotiations.

Gold pressured near fresh 2026 lows

Gold accelerates its decline and gyrates around the key $4,000 mark per troy ounce on Wednesday, its lowest level since November 2025. In the meantime, tighter-for-longer Fed expectations and a broadly firmer US Dollar continue to weigh on the yellow metal, while uncertainty surrounding a potential US-Iran peace agreement has done little to revive demand for the safe haven space.

XRP nears key support as Fed hike risks suppress demand

Ripple (XRP) continues to face significant selling pressure, trading around $1.05 at the time of writing on Wednesday. This decline mirrors the broader weakness in the crypto market, exacerbated by mounting macroeconomic headwinds and persistent geopolitical uncertainties.

US-Iran talks: The next 60 days will decide where Oil prices go next

Oil markets received some encouraging news after weeks of rising tensions in the Middle East. But let’s not get ahead of ourselves: we’re far from victory, and markets just seem to have priced out the worst-case scenario. The US and Iran have reportedly made "substantive progress" in talks in Switzerland and agreed on a framework for working toward a broader deal within 60 days.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.