Macquarie upgrades China internet stocks, citing stronger fundamentals and growth

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Go back to Macquarie upgrades China internet stocks, citing stronger fundamentals and growth

Pinduoduo Inc. (PDD) PT Lowered to $113 at CFRA

October 9, 2024 12:59 PM EDT

CFRA analyst Jian Xiong Lim lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $113.00 (from $130.00) while maintaining a Buy rating.

The analyst comments "We trim our target price to USD113 from USD130, 8.0x 2025 EV/EBITDA (peer median: 9.5x), factoring in our... More

Alibaba (BABA) PT Raised to $124 at BofA Securities, 'Consumer demand has not yet seen turn-around in Sept'

October 9, 2024 12:13 PM EDT

BofA Securities analyst Joyce Ju raised the price target on Alibaba (NYSE: BABA) to $124.00 (from $106.00) while maintaining a Buy rating.

The analyst comments "We expect BABA to report 2QFY25 results in early-mid November. We estimate total revs +6% YoY to RMB237.8b, with core Taobao Tmall (TT) revs staying flattish YoY. We forecast China marketplaces... More

Alibaba (BABA) PT Raised to $115 at Morgan Stanley, 'Reinvestments Weigh on Earnings'

October 9, 2024 12:07 PM EDT

Morgan Stanley analyst Gary Yu raised the price target on Alibaba (NYSE: BABA) to $115.00 (from $90.00) while maintaining a Equalweight rating.

The analyst comments "Solid shareholder return and uptake in Southbound ownership: Alibaba repurchased 52mn ADSs for US$4.1bn in 2QF25,... More