Alibaba says U.S. SEC doesn't intend to take action after China regulator tiff
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RBC Capital Raises Price Target on Alibaba (BABA) to $95 Following 2Q Beat
October 27, 2015 4:09 PM EDTRBC Capital reiterated an Outperform rating on Alibaba (NYSE: BABA), and raised the price target to $95.00 (from $80.00), following the company's 2Q16 earnings results. Non-GAAP EPS of 3.63 RMB beat Street estimates of 3.43 RMB. Revenue of 22.2B RMB beat Street views of 21.3B RMB.
Analyst... More
RBC Boosts PT on Alibaba (BABA) to $95; Mobile Monetization Improvements Seen as Sustainable
October 27, 2015 2:56 PM EDTRBC is raising its price target on Alibaba (NYSE: BABA) from $80 to $95 following Q3 results released earlier in the session. The firm has Alibaba at Outperform.
Analyst Mark Mahaney noted the following focus points and observations from today's report from Alibaba:
Solid Sept Q Results Revenue of 22.2B RMB beat our/Street views of 21.1B/21.3B RMB and EBITDA of 11.1B RMB also beat the Street @10.4B. Non-GAAP EPS... More