Alibaba (BABA): All Metrics Above Consensus; Raising PT - Needham
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RBC Capital Reiterates Outperform on Alibaba (BABA) Following Strong 1Q Results
August 12, 2016 10:20 AM EDTRBC Capital reiterated an Outperform rating on Alibaba (NYSE: BABA), and raised the price target to $110.00 (from $105.00), following the company's 1Q earnings report. BABA reported revenues of 32.15B RMB, beating the Street's 30.0B estimate. Non-GAAP EPS of 4.90 RMB also beat the Street at 4.56 RMB.... More
Brean Capital Raises Price Target on Alibaba (BABA) to $115 on Strong 1Q Results
August 12, 2016 9:49 AM EDTBrean Capital reiterated a Buy rating on Alibaba (NYSE: BABA), and raised the price target to $115.00 (from $100.00), following the company's 1Q earnings report. Revenue came in at RMB 32.2bn, exceeding consensus estimates of RMB 30.1bn. Adjusted EPS came in at $0.74, exceeding consensus of $0.62 on operating leverage from higher core ecommerce revenue.
Analyst Fawne Jiang commented, "BABA reported strong FY1Q17... More
Oppenheimer Raises price Target on Alibaba (BABA) to $115 Following 1Q
August 12, 2016 9:38 AM EDTOppenheimer reiterated an Outperform rating on Alibaba (NYSE: BABA), and raised the price target to $115.00 (from $110.00), following the company's 1Q earnings report.
Analyst Jason Helfstein commented, "Raising price target from $110 to $115 on extraordinary F1Q:17 results, with GMV/ revenue/EBITDA exceeding consensus by... More
Wedbush Raises Price Target on Alibaba (BABA) to $90 Following 1Q
August 12, 2016 8:44 AM EDTWedbush reiterated a Neutral rating on Alibaba (NYSE: BABA), and raised the price target to $90.00 (from $80.00), following the company's 1Q earnings report. Revenue grew to $4.84 billion and topped consensus of $4.54 billion. Adjusted EBITDA of $2.1 billion topped consensus of $2.0 billion on better-than-expected revenue.... More
Alibaba (BABA) PT Raised to $110 at Evercore ISI
August 12, 2016 7:16 AM EDTEvercore ISI raised its price target on Alibaba (NYSE: BABA) to $110.00 (from $98.00) following "very solid" June quarter results.
The firm commented, "Alibaba impressed with another quarter of accelerated revenues on strong margins and user metrics while detailing the new segment... More
Macquarie Upgrades Alibaba (BABA) to Outperform
August 12, 2016 7:13 AM EDTMacquarie upgraded Alibaba (NYSE: BABA) from Neutral to Outperform with a price target of $110.00 (from $76.00).
For an analyst ratings summary and ratings history on Alibaba click here. For more ratings news on Alibaba click here.
Shares of Alibaba closed at $91.77 yesterday.
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