Alibaba (BABA) Shares Plunge on Revenue and EPS Miss, Guidance Signals Worst Revenue Growth in Years as Singles' Day Sales Also Disappoints

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Alibaba (BABA) PT Lowered to $215 at Mizuho Securities

November 18, 2021 5:51 PM EST

Mizuho Securities analyst James Lee lowered the price target on Alibaba (NYSE: BABA) to $215.00 (from $245.00) while maintaining a Buy rating.

The analyst commented, "As expected, negative macro factors drove slower CMR revenue growth but were offset by strength in Cloud and international. On... More

Alibaba (BABA) PT Lowered to $220 at Raymond James

November 18, 2021 1:53 PM EST

Raymond James analyst Aaron Kessler lowered the price target on Alibaba (NYSE: BABA) to $220.00 (from $240.00) while maintaining an Outperform rating following results.

The analyst commented, "Alibaba reported lower-than-expected F2Q22 revenues and EBITA due to largely to slower China Retail Marketplace growth. Alibaba cited macro... More

Alibaba (BABA) Misses Q2 EPS by 19c, Revenue Misses

November 18, 2021 6:26 AM EST

Alibaba (NYSE: BABA) reported Q2 EPS of $1.74, $0.19 worse than the analyst estimate of $1.93. Revenue for the quarter came in at $31.15 billion versus the consensus estimate of $32.05 billion.

Guidance:

The guidance below is a forward-looking statement that... More