Alibaba (BABA) PT Raised to $218 at Deutsche Bank

February 1, 2018 2:43 PM EST
Get Alerts BABA Hot Sheet
Price: $84.39 --0%

Rating Summary:
    35 Buy, 5 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 5 | New: 6
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Deutsche Bank raised its price target on Alibaba (NYSE: BABA) to $218.00 (from $208.00) while maintaining a Buy rating.

Analyst Han Joon Kim commented, "Alibaba management sounded quite confident in its ability to outgrow the market and hawkish in its ability to outbox competitors during its December quarter earnings results. Management stressed that it would drive top-line growth, perhaps sacrificing some profit margins, but not absolute profits. Alibaba has been good at delivering on its initiatives, and we anticipate another 12 months of a strong top line and slightly softer earnings growth. We lift our revenue forecasts, lower our margin outlook, but still have positive bottom-line revisions. Our SOTPbased target price is lifted to US$218."

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