Information Provided By: 
Fly News Breaks for June 14, 2018
BABA
Jun 14, 2018 | 09:15 EDT
Wells Fargo analyst Ken Sena raised his price target for Alibaba to $250 from $230, while reiterating an Outperform rating on the shares. While faster AliCloud growth comes with some margin dilution, the analyst nonetheless sees this drag as diminishing over time, even as Cloud comes to represent a larger overall proportion of the company revenues. By comparing its current leadership, pace of innovation, and potential to drive margin improvement, Sena is also increasing his outer year AliCloud estimates.
News For BABA From the Last 2 Days
There are no results for your query BABA
