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Alibaba (BABA) Announces Acquisition of Remaining YOKU Shares; Wedbush Cuts Price Target to $75
October 19, 2015 8:33 AM EDTWedbush maintained a Neutral rating on Alibaba (NYSE: BABA), and cut the price target to $75.00 (from $80.00), following announced acquisition of remaining YOKU shares for $3.5 billion. The acquisition will be funded by BABAs cash on hand.
Analyst Gil Luria commented, "We believe... More
Summit Research Reiterates Buy on Alibaba (BABA) Ahead of November 11th Shopping Day
October 19, 2015 7:26 AM EDTSummit Research reiterated a Buy rating and $81.00 price target on Alibaba (NYSE: BABA) ahead of the November 11th shopping day. We believe this years shopping event will showcase Alibabas global strategy and cross-border commerce capability. Alibaba estimates there will be more than 5,000 international... More
