Alibaba's(BABA,Tech30) Rise after it's IPO

Alibaba's initial public offering on September 19 might just have been the top for the bull market-some expert decleared.Now, Stocks have jumped back to the show after solid earnings reports. The Dow & S&P 500 both hit all-time closing highs on Friday and Alibaba (BABA,Tech30) was leading the way.

Alibaba's(BABA,Tech30) stock raised 7% from its first day closing price and more than 20% above its post-IPO low point. There was a 3% price up on Monday. That was a new high. That Monday's rally made Alibaba worth more than Wal-Mart (WMT).

Alibaba worth more than Wal-Mart (WMT)

It's been always anticipated to be a part of bull market appreciation. Now, Alibaba has a chance to prove that valuation at the time of IPO are still valid and can be justified. The company will release its first earnings report since its IPO on Tuesday morning. Analysts are expecting high.

The estimation of about $970 million or 44 cents a share are being expected according to FactSet. It would be an increase of 20% in comparison to last year. There is estimation of 45% sales growth, $2.6 billion according to Wall Street. 

Stocks of Alibaba are doing well. It surged 38% on the first day of trading. The expectations are extremely high. Alibaba seems to be likely to beat earnings and revenue estimations. This will justify the stock price. Analysts will be specifically interested in knowing how strong Alibaba's mobile business is.

There is trading of shares at about 45 times earnings forecasts for the current fiscal year that ends in March.

Alibaba is given $110.32 consensus price target by Wall Street and it's been anticipated to go further more if report is strong. It has a market value of $250 billion, is also worth more than American online retail giants eBay (EBAY, Tech30) and Amazon (AMZN, Tech30).

There is  Alibaba-Amazon comparisons being made after Alibaba made decision to go public.