UPDATE: Argus Starts Alibaba (BABA) at Buy
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Get Alerts BABA Hot Sheet
Price: $102.60 --0%
Rating Summary:
38 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 7 | New: 31
Rating Summary:
38 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 7 | New: 31
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(Updated - June 25, 2018 7:47 AM EDT)
(updated to add analyst comment)
Argus initiates coverage on Alibaba (NYSE: BABA) with a Buy rating and a price target of $275.00.
Analyst Jim Kelleher says the valuation is attractive given mid-double-digit growth prospects for GMV and is expecting margin expansion to boost EPS faster than revenues citing improvement to operational efficiency.
For an analyst ratings summary and ratings history on Alibaba click here. For more ratings news on Alibaba click here.
Shares of Alibaba closed at $202.01 yesterday.
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