Alibaba (BABA) PT Lowered to $310 at Susquehanna

Susquehanna analyst Shyam Patil lowered the price target on Alibaba (NYSE: BABA) to $310.00 (from $350.00) while maintaining a Positive rating.

The analyst commented, "We continue to view BABA as the China e-commerce category killer with a large secular growth opportunity ahead despite regulatory and listing concerns. Although consolidated revenue missed slightly, CMR growth of 57% y/y was very healthy, and BABA is seeing improving profitability leverage after lengthy investment periods. BABA remains on track for its strong guide of 30%+ y/y revenue growth in F2022, demonstrating sustainable execution."

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