Alibaba Group Holding Ltd (BABA)

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Alibaba Group Holding Limited Expected to Earn FY2021 Earnings of $7.21 Per Share
By: MarketBeat | April 15, 2021

• Alibaba Group Holding Limited (NYSE:BABA) - Equities research analysts at Oppenheimer dropped their FY2021 earnings per share estimates for Alibaba Group in a research report issued on Tuesday, April 13th. Oppenheimer analyst J. Helfstein now anticipates that the specialty retailer will earn $7.21 per share for the year, down from their prior forecast of $7.46. Oppenheimer also issued estimates for Alibaba Group's Q4 2021 earnings at $1.20 EPS, Q1 2022 earnings at $1.90 EPS, Q2 2022 earnings at $1.79 EPS, Q3 2022 earnings at $2.78 EPS, Q4 2022 earnings at $1.39 EPS, FY2022 earnings at $7.70 EPS and FY2023 earnings at $8.85 EPS.

Several other equities analysts have also recently commented on BABA. Truist Securities boosted their price target on shares of Alibaba Group from $326.00 to $330.00 and gave the company a "buy" rating in a report on Thursday, March 25th. Morgan Stanley cut their price target on shares of Alibaba Group from $320.00 to $300.00 and set an "overweight" rating on the stock in a report on Friday, April 9th. They noted that the move was a valuation call. KeyCorp decreased their price objective on shares of Alibaba Group from $315.00 to $305.00 and set an "overweight" rating for the company in a report on Monday. Needham & Company LLC assumed coverage on Alibaba Group in a research note on Friday, April 9th. They issued a "buy" rating and a $330.00 price objective on the stock. Finally, HSBC boosted their price target on shares of Alibaba Group from $329.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, February 3rd. Three analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of "Buy" and an average target price of $319.88.

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