Alibaba Reports Strong Results for the First Sales Window of the 11.11 Global Shopping Festival

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Benchmark Reiterates Buy Rating on Alibaba (BABA)

November 6, 2020 7:20 AM EST

Benchmark analyst Fawne Jiang reiterated a Buy rating and $355.00 price target on Alibaba (NYSE: BABA) following the company's 2Q earnings report. BABA reported F2Q21 results with largely in-line revenue and better-than-expected Adj. EBITDA and EPADS.

The Company continued to acquire... More