Actionable news
0
All posts from Actionable news
Actionable news in BABA: ALIBABA GROUP HOLDING LIMITED,

Alibaba (BABA) Stock Price Target Raised at Oppenheimer on Q2 Results

NEW YORK (TheStreet) -- Alibaba's (BABA) stock price target was upped to $120 from $115 at Oppenheimer on Thursday based on the Chinese e-commerce company's stronger-than-expected 2016 second quarter results, reported early Wednesday.

The firm has an "outperform" rating on Alibaba stock, according to Barron's.

Revenue grew 55% year-over-year to $5.14 billion during the period, which was 2% higher than Oppenheimer's expectations, the firm noted. The boost was largely driven by mobile monthly active users, Oppenheimer added.

"We see this as a...


More