Benzinga Breakfast Notes: Cantor Fitzgerald Raises Alibaba Price Target From $90 To $110
Highlights from Cantor Fitzgerald's note on Alibaba Group Holding Ltd (NYSE: BABA).
1. A differentiated pricing model, strong brand and unmatched scale continue to give
2. Alibaba an unfair competitive advantage relative to peers both in and outside China.
3. We believe the company's outsized growth and margin profiles should support higher
4. Valuation over time.
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