Alibaba misses expectations for Q1 revenue, CMR
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- S&P 500, Nasdaq futures tick up as tech steadies, Micron earnings eyed
- Brent extends losses on expectations of smoother crude flows via Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Oil market losses easing as nearly 80% of disrupted supply returns, UBS says
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
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
China's spending slump weighs as e-commerce giant Alibaba misses estimates
August 15, 2024 6:34 AM EDTBy Deborah Mary Sophia and Casey Hall
(Reuters) - Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company's domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.
A halting economic recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power in the world's No. 2 economy, hitting global firms across the board.
Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings' Pinduoduo and ByteDance-owned... More
Alibaba (BABA) Tops Q2 EPS by 1.44c, Misses on Revenue
August 15, 2024 6:32 AM EDTAlibaba (NYSE: BABA) reported Q2 EPS of RMB16.44, RMB1.44 better than the analyst estimate of RMB15.00. Revenue for the quarter came in at RMB243.24 billion versus the consensus estimate of RMB248.38 billion.
For earnings history and earnings-related data on Alibaba (BABA) click here.
... More