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Fly News Breaks for May 16, 2019
BABA
May 16, 2019 | 05:14 EDT
Mizuho analyst James Lee raised his price target for Alibaba Group to $225 from $215 saying the company yesterday reported better than expected key metrics such as advertising revenue, Tmall commissions, and core commerce EBITA. The analyst sees "strong" underlying fundamentals with increased efficiency and keeps a Buy rating on Alibaba shares.
News For BABA From the Last 2 Days
BABA
Apr 16, 2024 | 12:48 EDT
After attending the virtual launch of Alimama's new site-wide, AI-enabled, and ROI-based ad tool, Morgan Stanley thinks the new tool will improve merchants' marketing efficiency. The analyst, who sees upside risk to Alibaba's take rate and room for top-line estimates to rise, has an Equal Weight rating and $85 price target on Alibaba shares.