Alibaba (BABA) Shares Jump 3% as eCommerce and Cloud Demand Drives Solid Q4 Beat
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Alibaba (BABA) PT Lowered to $158 at Goldman Sachs
May 27, 2022 6:27 AM EDTGoldman Sachs analyst Ronald Keung lowered the price target on Alibaba (NYSE: BABA) to $158.00 (from $185.00) while maintaining a Buy rating following earnings.
trim revenue forecasts in FY23E/24E/25E by 4%/6%/7%, with the majority of revenue cut on Cloud... MoreAlibaba (BABA) now up 11% following strong results
May 26, 2022 10:08 AM EDTAlibaba (NYSE: BABA) now up 11% following strong results.
... MoreAlibaba shelves guidance due to COVID risks; resilient Q4 lifts stock
May 26, 2022 7:07 AM EDTBy Brenda Goh and Nivedita Balu
(Reuters) -Alibaba Group on Thursday said it would not provide a forecast for the current fiscal year because COVID-19 risks clouded its outlook, after reporting its slowest quarterly revenue growth since going public in 2014.
The markets, however, focused on Alibaba's quarterly revenue and earnings beat in a sharply weakening economy and sent its shares surging 15%. Analysts said the results were more resilient than expected.
"As Alibaba's large scale reflects the overall macro economy, we believe it is the key beneficiary of a potential favourable policy rollout in terms of lockdown measures... More
Alibaba (BABA) Tops Q4 EPS by 15c, Revenues Beat
May 26, 2022 7:03 AM EDTAlibaba (NYSE: BABA) reported Q4 EPS of $1.25, $0.15 better than the analyst estimate of $1.10. Revenue for the quarter came in at $32.19 billion versus the consensus estimate of $29.64 billion.
Alibaba delivered on the goal of serving one billion annual active consumers in China this past quarter and achieved a record RMB 8,317... More
