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Here's All The Sell-Side Ratings And Price Targets On Alibaba Ahead Of Its Q4 Report

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Here's All The Sell-Side Ratings And Price Targets On Alibaba Ahead Of Its Q4 Report

Chinese e-commerce giant Alibaba Group Holding Ltd(NYSE: BABA) is scheduled to report its fourth-quarter results before the market opens on Tuesday.

The company is expected to report earnings of $1.13 per ADS on revenues of $7.32 billion.

In the September quarter, the company reported revenues of 34.3 billion yuan, up 55 percent year-over-year. Roughly 83 percent came from core commerce, 4 percent from cloud computing and 10.5 percent from digital media entertainment.

Ratings, Price Targets

Here is a compilation of ratings and price targets of some sell-side analysts for the shares of Alibaba:

  • Bernstein: Outperform/ $117.
  • Brean Capital: Buy.
  • Evercore: Buy/$125.
  • Macquarie: Outperform/$120.
  • MKM Partners: Buy/$130.
  • Raymond James: Strong Buy/$124.
  • Standpoint Research: Accumulate/$113.

At the time of writing, Alibaba shares were trading up 2.02 percent at $97.95. Alibaba shares added 8.05 percent in 2016 and in the year-to-date period, these shares have gained an incremental 9.40 percent.

Image Credit: By The Conmunity - Pop Culture Geek from Los Angeles, CA, USA (CES 2012 - Alibaba) [CC BY 2.0], via Wikimedia Commons

Latest Ratings for BABA

DateFirmActionFromTo
Jun 2019Initiates Coverage OnBuy
May 2019MaintainsOverweight
May 2019MaintainsBuy

View More Analyst Ratings for BABA
View the Latest Analyst Ratings

Posted-In: Earnings Long Ideas News Price Target Previews Reiteration Analyst Ratings Movers Best of Benzinga

 

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