Alibaba (BABA) PT Raised to $110 at Baird
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Go back to Alibaba (BABA) PT Raised to $110 at Baird
November 3, 2016 9:48 AM EDT
Brean Capital reiterated a Buy rating and $115.00 price target on Alibaba (NYSE: BABA) following the company's 2Q earnings report. Revenue came in at RMB 34.3bn (+55% YoY), exceeding consensus estimates of RMB 33.9bn. Adjusted EPS came in at $0.79, exceeding consensus of $0.69 by 10 cents on operating leverage from higher core commerce... More
November 2, 2016 6:59 AM EDT
Alibaba (NYSE: BABA) reported Q2 EPS of $0.79, $0.10 better than the analyst estimate of $0.69. Revenue for the quarter came in at $5.14 billion versus the consensus estimate of $5.03 billion.
Alibaba Group had a great quarter. Our results reflect our increasing ability to monetize our 450 million mobile users through new and innovative social commerce experiences, said Daniel Zhang, Chief Executive Officer of Alibaba Group. Beyond the strong... More
