Wedbush Analyst Expects Another Quarter Of 'Very Strong Growth' For Alibaba

Speaking to Benzinga, Wedbush Analyst Gil Luria said he expects another quarter of “very strong growth” for Alibaba Holding Group Ltd (NYSE: BABA).

“We should see another quarter of 40 percent plus growth based on the Chinese consumer growing and spending more online and on mobile,” he said.

Luria added that the other area of focus will be on the expense side and how the recent acquisitions and investments will actually depress margins.

“As long as margins stay over 40 percent EBITDA, I would expect investors to give Alibaba a pass,” he said.

Shares of Alibaba were trading 0.55 percent higher in Monday’s session.

Brianna Valleskey contributed to this report.