China's spending slump weighs as e-commerce giant Alibaba misses estimates
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Alibaba (BABA) PT Lowered to $130 at Susquehanna
August 19, 2024 6:02 AM EDTSusquehanna analyst Shyam Patil lowered the price target on Alibaba (NYSE: BABA) to $130.00 (from $135.00) while maintaining a Positive rating.
The analyst comments "Our thoughts. Despite the choppy China macro, BABA continues to make progress on strategic initiatives such as AI, and while the... More
Alibaba (BABA) PT Raised to $85 at Bernstein SocGen Group
August 16, 2024 6:00 AM EDTBernstein SocGen Group analyst Robin Zhu raised the price target on Alibaba (NYSE: BABA) to $85.00 (from $80.00) while maintaining a Market Perform rating.
The analyst comments "Q1 a mixed bag. Alibaba group revenue of RMB243bn missed consensus by 2.6% (RMB250bn), although gross... More
Citi Reiterates Buy Rating on Alibaba (BABA) Following Earnings
August 15, 2024 7:37 AM EDTCiti analyst Alicia Yap reiterated a Buy rating and $122.00 price target on Alibaba (NYSE: BABA).
The analyst comments "Ali reported mixed FY1Q25 result with total revs of Rmb243.2bn, +4% y/y, 2.7% below our estimate of Rmb250.0bn and 2.6% below... More
Alibaba misses expectations for Q1 revenue, CMR
August 15, 2024 6:41 AM EDT(Updated - August 15, 2024 9:39 AM EDT)
Alibaba (NYSE: BABA) missed analysts' expectations for both Q1 total revenue and customer management revenue (CMR). The company's shares initially dropped in premarket trading but later recovered, trading 1.6% higher after the market opened.
The companys Q2 earnings per share (EPS) of RMB16.44, topping consensus estimates of RMB15.00. However, Alibabas revenue for the quarter came in at RMB243.24 billion, slightly below the consensus estimate of RMB248.38 billion.
The company's... More
