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Fly News Breaks for February 18, 2020
Feb 18, 2020 | 07:36 EDT
SunTrust analyst Youssef Squali raised his price target on Alibaba to $250 and kept his Buy rating after its December quarter earnings exceeded expectations on "virtually every metric". The analyst believes that the management has continued its "solid execution" against a "massive" growth opportunity, with the company gaining market shares in e-commerce both inside and outside of China. Squali adds that while coronavirus adds "material uncertainty" for Alibaba in the near term, it may also accelerate the "online" shift in consumption, particularly in lower-tier cities.
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.