Alibaba Analysts Look For Signs Of Q4 Rebound: ‘Cloud Business Could Record Double-Digit Growth In 2025’
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Shares of Alibaba Group Holding Ltd (NYSE:BABA) remained volatile in early trading on Wednesday, after the company reported results for its fiscal fourth quarter.
The results came amid an exciting earnings season. Here are some key analyst takeaways.
- Mizuho Securities analyst James Lee maintained a Buy rating, while reducing the price target from $95 to $92.
- Truist analyst Youssef Squali reiterated a Buy rating, while cutting the price target from $113 to $110.
- Benchart analyst Fawne Jiang reaffirmed a Buy rating and price target of $118.
Check out other analyst stock ratings.
Mizuho Securities: Alibaba reported “an encouraging quarter,” with double-digit year-on-year growth in gross merchandise value (GMV), driven by “demand elasticity of price discounts,” Lee said in a note. “China commerce margin was on track despite facing mix …
Full story available on Benzinga.com
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