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Alibaba Group Holding Ltd. (9988) Gets a Buy from UBS

Tipranks - Tipranks - Fri Apr 10, 7:52PM CDT

UBS analyst maintained a Buy rating on Alibaba Group Holding Ltd. on April 8 and set a price target of HK$165.75. The company’s shares closed yesterday at HK$126.50.

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In addition to UBS, Alibaba Group Holding Ltd. also received a Buy from Jefferies’s Thomas Chong in a report issued yesterday. However, on April 2, TipRanks – xAI reiterated a Hold rating on Alibaba Group Holding Ltd. (HKEX: 9988).

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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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