Alibaba (BABA) call put ratio 3.4 calls to 1 put with focus on August calls into quarter results

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Alibaba (BABA) PT Raised to $106 at BofA Securities

August 14, 2024 6:42 AM EDT

BofA Securities analyst Joyce Ju raised the price target on Alibaba (NYSE: BABA) to $106.00 (from $103.00) while maintaining a Buy rating.

The analyst comments "Alibaba (BABA) will report 1QFY24 results on 15 Aug. We estimate total rev growth of 6% YoY to RMB247.8b, in-line with cons, with core Taobao Tmall (TT) revs... More