Alibaba announces $6 billion buyback but misses EPS forecast
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Alibaba (BABA) PT Raised to $141 at Barclays on 4Q Revenue Beat; 'Solid Upside in Core E-Commerce & Cloud'
May 19, 2017 12:17 PM EDTBarclays raised its price target on Alibaba (NYSE: BABA) to $141.00 (from $132.00) while maintaining a Overweight rating, following the company's fourth quarter earnings report.
Analyst Gregory Zhao notes the company delivered fourth quarter revenues and revenue growth above consensus projections driven by acceleration across... More
Alibaba (BABA) PT Raised to $135 at Cantor Fitzgerald; Reiterates Overweight
May 19, 2017 7:35 AM EDTCantor Fitzgerald raised its price target on Alibaba (NYSE: BABA) to $135.00 (from $120.00) while maintaining a Overweight rating. 4Q revenue was reported at $5,605M compared to the FactSet consensus of $5,233M. EBITDA was $2,411M vs. consensus of $2,271M. Adjusted EPS of $0.63 missed consensus of $0.66 on... More
Alibaba (BABA) PT Raised to $135 at Baird on 4Q Results; 'Core China Commerce Drives Another Solid Quarter'
May 19, 2017 6:13 AM EDTBaird raised its price target on Alibaba (NYSE: BABA) to $135.00 (from $116.00) while maintaining a Outperform rating, following the company's fourth quarter earnings report.
Analyst Colin Sebastian notes the company produced fourth quarter revenues above consensus projections fueled by growth in core... More
Alibaba (BABA) PT Raised to $142 at Goldman Sachs, Keeps Top Rating
May 19, 2017 5:58 AM EDTGoldman Sachs raised its price target on Alibaba (NYSE: BABA) to $142.00 while maintaining a Conviction Buy rating following solid results.
Analyst Piyush Mubayi revenue of Rmb38.6bn (+60% yoy) was 6%/7% above GSe/Bloomberg consensus. Meanwhile, EPS was up 46% yoy but below consensus on... More
Alibaba (BABA) Announces $6B Stock Buyback Plan
May 18, 2017 8:47 AM EDTWith earnings earlier, Alibaba (NYSE: BABA) announced that it board authorized a US$6 billion stock repurchase plan.
The new repurchase plan is over a period of two years, primarily to offset dilution from our share-based compensation programs. This new share repurchase program replaces our current share repurchase program.
... More