Alibaba (BABA) PT Raised to $92 at Summit Research Amid Strong Q2
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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... MoreAlibaba's (BABA) Price Target Raised to $89 at Deutsche Bank
October 27, 2015 2:52 PM EDTDeutsche Bank maintained a Buy rating on Alibaba (NYSE: BABA) and raised its price target to $89.00 (from $85.00). The change follows Q2 results.
Analyst Alan Hellawell III said, "BABAs Sept Q blended take rate (8bps ahead of DBe) surprised pleasantly on robust... More
Alibaba (BABA) Surges After Beating on Most Key Metrics
October 27, 2015 6:48 AM EDTAlibaba (NYSE: BABA) reported financial results today before the market open and the stock is trading up 6.8% on the news. Revenue rose 32% to $3.49 billion and beat expectations of $3.367 billion. EBITDA of $1.754 billion beat consensus of $1.664 billion. EPS of RMB3.63 beat the analyst estimate of... More
Alibaba gets more bang for its buck as revenue growth tops forecasts
October 27, 2015 6:34 AM EDT(Reuters) - China's Alibaba Group Holding Ltd (NYSE: BABA) is squeezing more money from online shopping than expected, beating analyst forecasts for revenue growth, as mobile shopping grows.
The company wrung out higher-than-expected revenue growth of 32 percent year-on-year, even as gross merchandise volume (GMV), the total value of goods transacted across its platforms, sank to its slowest annual growth rate in more than three years.
Alibaba's U.S.-listed shares closed about 4 percent higher on Tuesday, after rising as much as 8.4 percent during market hours.
The group now faces a... More
Alibaba (BABA) Tops Q2 EPS by 17c
October 27, 2015 6:32 AM EDTAlibaba (NYSE: BABA) reported Q2 EPS of RMB3.63, RMB0.17 better than the analyst estimate of RMB3.46. Revenue for the quarter came in at RMB22.17 billion versus the consensus estimate of RMB21.36 billion.
Business Highlights and Strategic Updates
In the quarter ended September 30, 2015:
GMV transacted on our China retail marketplaces was RMB713 billion (US$112 billion), an increase of 28% year-over-year;Revenue was RMB22,171 million (US$3,488 million), an increase of 32% year-over-year;Mobile GMV accounted for 62% of total GMV transacted... More