Citi Reiterates Buy Rating on Alibaba (BABA) Following Earnings
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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
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
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.
... MoreAlibaba (BABA) call put ratio 2.4 calls to 1 put into quarter results
August 15, 2024 5:20 AM EDTAlibaba (NYSE: BABA) August 81 straddle priced for a move of 5% into expected release of quarter results today before the bell. Call put ratio 2.4 calls to 1 put.
... MoreMichael Burry of ‘The Big Short' increases Alibaba stake, halves stock portfolio
August 14, 2024 5:02 PM EDTInvesting.com - Michael Burry, the hedge fund manager famous for his 2008 bet against the US housing market depicted in "The Big Short," has further increased his stake in Alibaba Group Holdings Ltd ADR (NYSE: BABA) while significantly cutting his overall equity... More
Alibaba (BABA) call put ratio 4 calls to 1 put into quarter results
August 14, 2024 10:57 AM EDTAlibaba (NYSE: BABA) August calls option implied volatility is at 92, September is at 37; compared to its 52-week range of 27 to 47 into expected release of quarter results before the bell on August 15. Call put ratio 4 calls to 1 put with a focus on August 88 calls and August 74 puts.
... MoreAlibaba (BABA) PT Raised to $106 at BofA Securities
August 14, 2024 6:42 AM EDTBofA 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
Alibaba (BABA) call put ratio 2.7 calls to 1 put into quarter results
August 14, 2024 5:23 AM EDTAlibaba (NYSE: BABA) August 81 straddle priced for a move of 7% into expected release of quarter results before the bell on August 15. Call put ratio 2.7 calls to 1 put.
... MoreAlibaba (BABA) call put ratio 1.6 calls to 1 put with focus on September 85 calls into quarter results
August 13, 2024 10:12 AM EDTAlibaba (NYSE: BABA) August calls option implied volatility is at 77, September is at 37; compared to its 52-week range of 27 to 47 into expected release of quarter results before the bell on August 15. Call put ratio 1.6 calls to 1 put with focus on September 85 calls.
... More