Fly News Breaks for February 14, 2020
Feb 14, 2020 | 08:41 EDT
Raymond James analyst Aaron Kessler raised his price target for Alibaba to $310 from $280 and reiterated a Strong Buy rating following "solid" December quarter results. While he says the coronavirus outbreak will impact Alibaba's topline in March quarter, he views this as a one-off event and could further accelerate Chinese customers' online shopping behaviors.
News For BABA From the Last 2 Days
Oct 26, 2020 | 07:55 EDT
Oppenheimer analyst Jason Helfstein raised the firm's price target on Alibaba to $335 from $325 and keeps an Outperform rating on the shares. After a deeper look at NBS data and recent industry trends, the analyst is slightly lowering his September quarter estimates on stronger COVID-19 pull-forward. However, he believes the new version of Taobao has improved user experience and engagement, thus unlocking new monetization opportunities.
Oct 26, 2020 | 06:03 EDT
BMW (BMWYY) and Alibaba (BABA) signed a Memorandum of Understanding for strategic partnership in Beijing. Adhering to the principle of "complementary advantages and win-win cooperation", the both sides will leverage their own resources, and carry out comprehensive cooperation in branding, marketing, channels, end-to-end operations, services, information technology, etc., aiming to implement the digitalization strategy into BMW's full business process, and enable dealers to provide an end-to-end and online-to-offline digital experience for customers.