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Alibaba (BABA) PT Raised to $215 at Needham & Company Following Strong 2Q Results
November 3, 2017 9:05 AM EDTNeedham & Company raised its price target on Alibaba (NYSE: BABA) to $215.00 (from $190.00) while maintaining a Buy rating. Revenue grew 61% y/y to RMB55.1B, above consensus of RMB52.0B, primarily driven by China Commerce, International Commerce, and Cloud Computing. Adjusted EBITDA increased... More
