Alibaba's Cloud And Digital Commerce Segment Performance Drive Analyst Optimism After Q1 Earnings
BABA(BABA) Benzinga·2024-08-16 23:40
Alibaba Group Holding Limited BABA stock gained on Friday after multiple analysts raised their price forecasts following the company’s mixed fiscal first-quarter earnings on Thursday.The results came amid an exciting earnings season. Here are some key analyst takeaways.Alibaba reported fiscal first-quarter 2024 revenue growth of 4% year-on-year to 34.81 billion. Adjusted earnings per ADS of 2.13. Citigroup analyst Alici ...