Analyst Jason Helfstein of Oppenheimer is becoming increasingly bullish on the e-commerce giant’s prospects, commending core commerce rapidly on the rise and strength in the company’s cloud business.
In reaction to the robust quarterly earnings showcase, the analyst reiterates an Outperform rating on BABA stock while raising the price target from $165.00 to $190.00, representing a 9% rise over current trading levels... the analyst nonetheless ventures, “we believe investors are undervaluing the potential growth outlook for F18- 20.” “We believe data-driven personalization will continue to drive users/traffic growth while increased stake in Lazada will improve Int’l retail revenue,” adds Helfstein,....
https://www.smarteranalyst.com/2017/08/23/...lowing-stellar-fq1-beat/ |