Analysts React to Alibaba's Q1 Performance: Hiked Expectations and Optimism in the Air

Analysts React to Alibaba’s Q1 Performance: Hiked Expectations and Optimism in the Air

August 12, 2023

in Stocks

Reading Time: 2 mins read

Bernstein analyst Robin Zhu maintained a Hold rating on Alibaba Group Holding Limited (NYSE:BABA), with a price target of $100.00.

Alibaba’s Q1 FY24 results surpassed street estimates and internal projections by 4-5%, with adjusted EBITA exceeding expectations by mid-teens percentages.

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Analysts React to Alibaba’s Q1 Performance: Hiked Expectations and Optimism in the Air

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Analysts React to Alibaba’s Q1 Performance: Hiked Expectations and Optimism in the Air

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