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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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