Alibaba (BABA) Results 'Strong', RBC Capital's Mahaney Says; PT to $110
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Alibaba's (BABA) Price Target Raised to $104 at Deutsche Bank
May 7, 2015 2:03 PM EDTDeutsche Bank maintained a Buy rating on Alibaba (NYSE: BABA) and a raised its price target to $104.00 (from $98.00). The change follows Q4 results. Analyst Alan Hellawell III pointed to positive management comments around long-term margin.
"Highlights of the Alibaba March quarter ranged from... More
Alibaba (BABA) Tops Q4 EPS by 5c; Appoints New CEO
May 7, 2015 7:01 AM EDTAlibaba (NYSE: BABA) reported Q4 EPS of $0.48, $0.05 better than the analyst estimate of $0.43. Revenue for the quarter came in at $2.81 billion versus the consensus estimate of $2.78 billion.
Alibaba had a strong quarter with significant growth across our key operating metrics, said Jonathan Lu, Chief Executive Officer of Alibaba Group. We grew revenue, gross merchandise volume and annual active buyers, and we expanded our unrivaled leadership position in mobile. Lu continued, GMV across our China retail marketplaces grew 40% year-on-year, and our annual active buyers increased to 350 million, an increase of 37% year-on-year. We extended our strong leadership... More
