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Bernstein Sticks to Its Buy Rating for Alibaba Group Holding Ltd. (9988)

Tipranks - Tipranks - Fri Feb 13, 8:34AM CST

Bernstein analyst Robin Zhu maintained a Buy rating on Alibaba Group Holding Ltd. today and set a price target of HK$186.00.

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According to TipRanks, Zhu is a 4-star analyst with an average return of 7.5% and a 49.59% success rate. Zhu covers the Consumer Cyclical sector, focusing on stocks such as Alibaba, Alibaba Group Holding Ltd., and Meituan.

In addition to Bernstein, Alibaba Group Holding Ltd. also received a Buy from TipRanks – DeepSeek’s DeepSeek Consumer Cyclical HK in a report issued on February 6. However, on the same day, TipRanks – Anthropic downgraded Alibaba Group Holding Ltd. (HKEX: 9988) to a Hold.

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Based on Alibaba Group Holding Ltd.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$247.65 billion and a net profit of HK$40.65 billion. In comparison, last year the company earned a revenue of HK$243.24 billion and had a net profit of HK$24.39 billion

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