Fly News Breaks for February 20, 2020
Feb 20, 2020 | 08:39 EDT
Argus analyst Jim Kelleher raised his price target on Alibaba to $260 and kept his Buy rating after its Q3 earnings beat. The analyst notes that while the stock has sold off after the release to reflect the impact of the coronavirus uncertainty on its business, he believes that the company may benefit from accelerated digital initiatives among consumer and businesses, much as it did during the SARS outbreak in 2003.
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.