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

Tipranks - Tipranks - Fri Feb 27, 6:28PM CST

Guotai Haitong analyst maintained a Buy rating on Alibaba Group Holding Ltd. on February 25 and set a price target of HK$197.93. The company’s shares closed yesterday at HK$148.30.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alibaba Group Holding Ltd. with a HK$194.48 average price target, a 31.14% upside from current levels. In a report released on February 12, Bernstein also maintained a Buy rating on the stock with a HK$186.00 price target.

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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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