This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.
UOB Kay Hian Sticks to Their Buy Rating for Alibaba Group Holding Ltd. (9988)
In a report released today, Julia Pan from UOB Kay Hian maintained a Buy rating on Alibaba Group Holding Ltd., with a price target of HK$192.00.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
According to TipRanks, Pan is a 2-star analyst with an average return of 0.7% and a 39.39% success rate.
In a report released on April 9, 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
Read More on HK:9988:
Disclaimer & DisclosureReport an Issue
- Alibaba price target lowered to $186 from $190 at Barclays
- Mixed options sentiment in Alibaba with shareslittle changed
- Balancing Near‑Term Earnings Pressure With AI‑Driven Growth: Reiterating Buy on Alibaba With HK$175 DCF‑Based Target Price
- Alibaba price target lowered to $185 from $212 at Jefferies
- Moderately bullish activity in Alibaba with shares up 0.47%
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
