Alibaba: UBS raises target price.
(CercleFinance.com) - UBS maintains its "buy" rating on the Alibaba stock and has raised its target price from 175 dollars to 200 dollars, saying that the Chinese online retail giant's platform "continues to build momentum.
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Continuing with its recent trend, Alibaba showed solid execution across all the aspects of the group's diversified platform in the first quarter of its fiscal year, the broker said.
This performance also allows Alibaba to sustain investments towards expanding its ecosystem to areas such as logistics, media consumption, international eCommerce and cloud computing, UBS said.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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Continuing with its recent trend, Alibaba showed solid execution across all the aspects of the group's diversified platform in the first quarter of its fiscal year, the broker said.
This performance also allows Alibaba to sustain investments towards expanding its ecosystem to areas such as logistics, media consumption, international eCommerce and cloud computing, UBS said.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.