Alibaba shelves guidance due to COVID risks; resilient Q4 lifts stock

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Go back to Alibaba shelves guidance due to COVID risks; resilient Q4 lifts stock

Alibaba (BABA) PT Lowered to $158 at Goldman Sachs

May 27, 2022 6:27 AM EDT

Goldman Sachs analyst Ronald Keung lowered the price target on Alibaba (NYSE: BABA) to $158.00 (from $185.00) while maintaining a Buy rating following earnings.

trim revenue forecasts in FY23E/24E/25E by 4%/6%/7%, with the majority of revenue cut on Cloud... More

Alibaba (BABA) now up 11% following strong results

May 26, 2022 10:08 AM EDT

Alibaba (NYSE: BABA) now up 11% following strong results.

... More

Alibaba (BABA) Shares Jump 3% as eCommerce and Cloud Demand Drives Solid Q4 Beat

May 26, 2022 7:35 AM EDT

Shares of Alibaba (NYSE: BABA) jumped 3% in pre-open trading Thursday following a strong beat on the top and bottom line in the fourth quarter driven by strong eCommerce and cloud services demand as COVID lock-downs gripped parts of China.

Revenue grew 9% year-over-year in the... More