Alibaba shelves guidance due to COVID risks; resilient Q4 lifts stock
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Alibaba (BABA) PT Lowered to $158 at Goldman Sachs
May 27, 2022 6:27 AM EDTGoldman 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... MoreAlibaba (BABA) now up 11% following strong results
May 26, 2022 10:08 AM EDTAlibaba (NYSE: BABA) now up 11% following strong results.
... MoreAlibaba (BABA) Shares Jump 3% as eCommerce and Cloud Demand Drives Solid Q4 Beat
May 26, 2022 7:35 AM EDTShares 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
