Alibaba Group Holding Ltd. (9988) Receives a Buy from Morgan Stanley
Morgan Stanley analyst maintained a Buy rating on Alibaba Group Holding Ltd. on April 8 and set a price target of HK$175.50. The company’s shares closed yesterday at HK$126.50.
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Currently, the analyst consensus on Alibaba Group Holding Ltd. is a Strong Buy with an average price target of HK$185.60, which is a 46.72% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a HK$179.00 price target.
Based on Alibaba Group Holding Ltd.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of HK$247.8 billion and a net profit of HK$21.02 billion. In comparison, last year the company earned a revenue of HK$236.5 billion and had a net profit of HK$44.03 billion
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- Alibaba price target lowered to $185 from $212 at Jefferies
- Moderately bullish activity in Alibaba with shares up 0.47%
- Option traders moderately bearish in Alibaba with shares down 1.35%
- Mixed options sentiment in Alibaba with shares down 2.17%
- Alibaba price target lowered to $170 from $190 at Susquehanna
