Alibaba Group Announces June Quarter 2015 Results
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UBS Cuts Price Target on Yahoo! (YHOO) to $51 Following Revised BABA Outlook
August 13, 2015 9:25 AM EDTUBS maintained a Buy rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $51.00 (from $57.00), on a revised BABA outlook. The revised price target on YHOO follows a downward revision on BABA, whose price target was cut to $101 (From $112).
Analyst Eric... More
Alibaba's (BABA) Price Target Trimmed at Pacific Crest
August 13, 2015 9:21 AM EDTPacific Crest maintained an Overweight rating on Alibaba (NYSE: BABA) but lowered its price target to price $94.00 (from $104.00). Analyst Cheng Cheng said he remains positive long-term despite recent headwinds.
"Disappointing FQ1 results and currency issues lead to lower estimates. While we continue to... More
Brean Capital Cuts Price Target on Alibaba (BABA) to $92 Following 1Q16 Results
August 13, 2015 7:29 AM EDTBrean Capital maintained a Buy rating on Alibaba (NYSE: BABA) and cut the price target to $92.00 (from $97.00), following the company's 1Q16 earnings report. Revenue came in at RMB 20.2bn (+28% YoY), below consensus estimates of RMB 20.9bn. Adjusted EPS came in at $0.59, beating consensus by one penny.
Analyst Fawne Jiang commented, "BABA printed soft FY1Q16 results, largely driven by factors... More
RBC Capital 'Less Bullish' on Alibaba (BABA) Following Results But Keeps 'Outperform' Rating; PT Cut to $91
August 12, 2015 5:03 PM EDTRBC Capital analyst Mark Mahaney lowered his price target on Alibaba (NYSE: BABA) to $91.00 (from $105.00) following mixed June quarter results but maintained an Outperform rating. The analyst noted krowth decelerated across the board, due to 1x events, possible macro softness, Large Numbers Law, and possible market share losses.
The keys for the quarter, according to the analyst: Keys 1) Mobile & Desktop Trends Mobile GMV of 371B RMB beat consensus of 366B RMB while monetization showed substantial Y/Y improvement, leading to Mobile Revenue +225% Y/Y to 7.9B RMB.... More
Alibaba (BABA) Long-Term Thesis Unchanged, Cantor Fitzgerald Says; PT Trimmed to $95
August 12, 2015 3:41 PM EDTCantor Fitzgerald analyst Youssef Squali trimmed his price target on Alibaba (NYSE: BABA) to $95.00 (from $110.00) following results but maintained a Buy rating saying the long-term thesis is unchanged.
Squali commented, "We are maintaining our positive long-term bias on BABA based on the company's strong... More
Alibaba's (BABA) Price Target Trimmed to $95 at Evercore ISI
August 12, 2015 2:34 PM EDTEvercore ISI maintained a Buy rating on Alibaba (NYSE: BABA) but lowered its price target to $95.00 (from $101.00). Analyst Ken Sena said soft Q1 results were tied to lower PC monetization.
"While China Retail Revenue of ¥15.7bn (24% y/y) was in-line with our estimates, it missed the Street by 4%,... More
Wedbush Downgrades Alibaba (BABA) to Neutral
August 12, 2015 12:33 PM EDTWedbush downgraded Alibaba (NYSE: BABA) from Outperform to Neutral with a price target of $80.00 (from $115.00).
Analyst Gil Luria commented, "We believe BABA offers a unique combination of size, growth and profitability. However, with a lower growth trajectory and heightened Chinese macro risk we... More
Yahoo! (YHOO) Slammed as Value of Alibaba (BABA) Stake Collapses
August 12, 2015 9:43 AM EDTYahoo! (NASDAQ: YHOO) is under heavy pressure early Wednesday in light of disappointing results from Alibaba (NYSE: BABA). Shares of YHOO are down 5.3%, which corresponds with a 8% drubbing of BABA.
Yahoo is seeking to spin-off its remaining... More
