Analysts React to Alibaba's Q1 Performance: Hiked Expectations and Optimism in the Air
Portfolio Pulse from Anusuya Lahiri
Alibaba Group Holding Limited's Q1 FY24 results surpassed estimates, with revenues from various segments showing significant YoY growth. However, analysts acknowledge that maintaining high growth may be challenging moving forward. Bernstein analyst Robin Zhu maintained a Hold rating with a price target of $100.00. Benchmark analyst Fawne Jiang maintained a Buy rating with a price target of $180.00. Morgan Stanley analyst Gary Yu reiterated an Overweight with a price target of $150.00.
August 11, 2023 | 8:13 pm
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Alibaba's Q1 FY24 results exceeded expectations, with significant YoY growth in various segments. However, maintaining this growth may be challenging. Analysts from Bernstein, Benchmark, and Morgan Stanley have given Hold, Buy, and Overweight ratings respectively.
Alibaba's Q1 FY24 results surpassed estimates, indicating strong performance. However, analysts note that maintaining this growth may be challenging, which could impact investor sentiment. The ratings from Bernstein, Benchmark, and Morgan Stanley suggest a mixed outlook, which could lead to volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100