Alibaba Showcases Innovation in Internet of Things (IoT) and Consumer Electronics During 2016 11.11 Global Shopping Festival

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Brean Capital Reiterates Buy on Alibaba (BABA) Following Earnings Report

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