Alibaba Group Holding’s better-than-expected earnings report for its fiscal second quarter has prompted Wall Street analysts to raise their price targets and estimates as the e-commerce giant gathers energy from Chinese consumer spending.
Shares of Alibaba (ticker: BABA) rose 2.7% on Friday after tumbling earlier in the week in response to the suspension of Ant Group’s much-anticipated initial public offering. Alibaba owns about one-third of Ant, a fintech company that was expected to raise $34.5 billion, the biggest public...
"street" - Google News
November 07, 2020 at 04:10AM
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Alibaba’s Earnings Were a Pleasant Surprise. Here’s What Wall Street Is Saying. - Barron's
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