Alibaba: Atlantic Equities Sets $215 Price Target
Annual active consumers on its e-commerce platforms grew by 12 million compared to last year’s fiscal first quarter, while
mobile monthly active users hit 529 million in June, an increase of 22 million from last year’s fiscal first quarter.
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Alibaba Group (BABA) is just getting started with its attempted world dominance, prompting Atlantic Equities to hike its investment rating on the stock to overweight from neutral
and to up the price target to $215 a share, well above its previous $130 a share.
Atlantic Equities is just the latest in a series of bullish calls on the Chinese e-commerce giant
after the company posted fiscal first-quarter results take a look at the pharmacy store here pfizer viagra 100mg It’s all matter of personal choice and their individual lifestyle. The erection remains as long as the act sildenafil overnight shipping of copulation. Many websites will tadalafil shop provide free coupons. They may include Aging, Cigarette Smoking and viagra cheap no prescription drinking alcohol. last week that blew past Wall Street views.
For the three-month period ended in June, Alibaba reported revenue from its cloud computing business
that jumped 96% to $359 million and revealed it surpassed 1 million paying customers for the first time ever.
Overall revenue in the quarter increased 56% year-over-year, core commerce revenue jumped 58% and revenue from its digital media unit increased 30%.
For context, the United Kingdom, which is currently estimated to be the world’s fifth-largest economy at $2.5 trillion
in GDP, had a population of 65.6 million by the middle of last year and an estimated workforce of 32 million.
With shares trading at around $174, the Wall Street firms think the stock could gain an additional 23% this year.