Alibaba (BABA) Estimates Tweaked Down at Baird

Baird analyst Colin Sebastian reiterated an Outperform rating and $230.00 price target on Alibaba (NYSE: BABA) but slightly reduced estimates ahead of F4Q earnings. The chances incorporate more positive e-commerce trends through March after a very challenging February.

The analyst stated "Our revised estimates are still above Street consensus, and reflect a fairly optimistic recovering scenario into the next fiscal year. We note that Tmall, Cloud, and Innovation (e.g., DingTalk) segments should perform relatively better than Taobao, local and export segments".

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 $203.00 yesterday.

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