Alibaba (BABA) PT Raised to $125 at SunTrust Into Results

October 12, 2016 9:31 AM EDT
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Price: $96.00 --0%

Rating Summary:
    36 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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SunTrust Robinson Humphrey analyst Bob Peck previewed Alibaba's (NYSE: BABA) September quarter results and raised his price target to $125.00 (from $110.00) as he rolls to 2017.

Peck commented, "Following the in-depth analyst day and strong June quarter, we believe investor sentiment and business momentum remain strong. That said, post recent conversations with investors and meetings with management, we identify 6 topics that are top of mind for investors: 1) Continued outpacing of revenue vs. GMV; 2) Trajectory of core EBITA margins; 3) Potential size of AliCloud LT; 4) Growth and margin trajectory of Digital; 5) M&A and capital allocation; and 6) Timing and size of a potential Ant Financial IPO in 2H'17. Reiterate Buy, $125 2017 PT (from $110) implying 23x CY2018 EPS."

For an analyst ratings summary and ratings history on Alibaba click here. For more ratings news on Alibaba click here.

Shares of Alibaba closed at $105.23 yesterday.

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