Alibaba (BABA) Price Target Raised to $125 at Topeka
Topeka Capital maintained a Buy rating on Alibaba (NYSE: BABA) and raised its price target of $125.00 (from $117.00). The change follows Q2 results.
Analyst Victor Anthony said, "Alibaba delivered a strong quarter, with accelerating GMV growth and accelerating revenue growth across all segments. Revenues, Adj. EBITDA and Adj. EPS were ahead of our estimates and the consensus. Margin declines, lower desktop monetization, and elevated capex gets the quarter an A-. Our thesis is unchanged. The scale and the magnitude of the opportunity ahead for BABA makes the stock a compelling buy."
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 $106.07 yesterday.