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Nomura Keeps Their Buy Rating on Alibaba Group Holding Ltd. (9988)
In a report released yesterday, from Nomura maintained a Buy rating on Alibaba Group Holding Ltd., with a price target of HK$195.00.
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In addition to Nomura, 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).
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
Read More on HK:9988:
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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
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