Alibaba (BABA) Tops Q4 EPS by 5c; Appoints New CEO
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Alibaba (BABA) Q4 Results Squash Fears, Goldman Sachs Upgrades to Buy
May 8, 2015 6:41 AM EDT(Updated - May 8, 2015 8:40 AM EDT)
Alibaba (NYSE: BABA) gained pre-market Friday after Goldman Sachs upgraded the stock from Neutral to Buy with a price target of $98.00 (from $97.00). The change follows the company's Q4 results and recent share price underperformance. Analyst Piyush... More
Alibaba (BABA) Results 'Strong', RBC Capital's Mahaney Says; PT to $110
May 7, 2015 5:28 PM EDTRBC Capital analyst Mark Mahaney lowered his price target on Alibaba (NYSE: BABA) to $110.00 (from $115.00) following Q1 results but reiterated his Outperform rating citing "solid" results.
Keys for the quarter, according to Mahaney:
Positives: 1) Mobile Mobile GMV of 304B RMB handily beat consensus expectations of 278B RMB while monetization showed substantial Y/Y improvement and came in at 1.73% (vs. Streets 1.71%), leading to Mobile Revenue growing 352% Y/Y to 5.2B RMB. This marks... More
Alibaba's (BABA) Price Target Raised to $104 at Deutsche Bank
May 7, 2015 2:03 PM EDTDeutsche Bank maintained a Buy rating on Alibaba (NYSE: BABA) and a raised its price target to $104.00 (from $98.00). The change follows Q4 results. Analyst Alan Hellawell III pointed to positive management comments around long-term margin.
"Highlights of the Alibaba March quarter ranged from... More
Yahoo! (YHOO) Gains in Sympathy with Alibaba (BABA)
May 7, 2015 9:04 AM EDTYahoo! (NASDAQ: YHOO) is gaining early in sympathy with Alibaba (NYSE: BABA), which reported solid earnings this morning. Yahoo still owns a large stake in BABA.
YHOO is up 7.7% while BABA is up 10.9%.
... More