RBC Boosts PT on Alibaba (BABA) to $95; Mobile Monetization Improvements Seen as Sustainable
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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
Alibaba'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) PT Raised to $92 at Summit Research Amid Strong Q2
October 27, 2015 10:14 AM EDTSummit Research analyst Henry Guo reiterated a Buy rating and boosted his price target on Alibaba (NYSE: BABA) to $92.00 (from $81.00) following strong September quarter results with revenue 4% above the Street and beating consensus on the bottom-line by three cents, despite aggressive... More
Alibaba says U.S. SEC doesn't intend to take action after China regulator tiff
October 27, 2015 7:15 AM EDTSHANGHAI/BEIJING (Reuters) - Alibaba Group Holding Ltd (NYSE: BABA) said on Tuesday the U.S. Securities and Exchange Commission does not intend to recommend "enforcement action" after disclosing a February inquiry into its interactions with a China regulator.
In January, China's State... More
Wall St. slips on rate uncertainty; Apple up after the bell
October 27, 2015 7:15 AM EDTBy Caroline Valetkevitch
(Reuters) - U.S. stocks slipped on Tuesday on uncertainty over the U.S. rate outlook and disappointing results from Ford and other companies.
Upbeat results from Apple (NASDAQ: AAPL) after hours, however, could give the market a boost on Wednesday.
Shares of Apple, the biggest company by market capitalization, rose 2.8 percent to $116.89 after it reported higher-than-expected earnings and revenue. Apple's stock ended the regular session down 0.6 percent at $114.55.
Nasdaq 100 e-mini futures also edged up after Apple's results.
"Both earnings and revenues... More
JD.com (JD) on Watch Following Strong Results from Alibaba
October 27, 2015 6:59 AM EDTJD.com (NASDAQ: JD) is on watch following strong quarterly results from its closest peer Alibaba (NYSE: BABA). BABA is trading up 8% pre-open.
