Alibaba Q2 EPS of $16.44 exceeded expectations, while revenue of $243.24B was slightly below targets, with analysts maintaining a positive outlook.
Alibaba Group Holding Limited (BABA) reported a Q2 EPS of $16.44, exceeding expectations of $1.87, with revenue at $243.24 billion, slightly below the anticipated $248.32 billion. Institutional investment in Alibaba saw minor changes, with firms adjusting their holdings. Analysts generally maintain a positive outlook, with various price target adjustments, leading to a consensus average target of $107.61 and a "Moderate Buy" rating for the stock.
September 03, 2024
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