Jefferies sees upside potential in Alibaba stock
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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 EDTBofA 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 EDTMorgan 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
