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Improvements Continue At Alibaba; Keybanc Raises Price Target
Friday, August 18, 2017 - 2:20pm | 309Shares of Alibaba Group Holding Ltd (NYSE: BABA) hit a new all-time high of $169.50 on Friday and are now higher by more than 90 percent since the start of 2017. According to some analysts, there is still further upside ahead. KeyBanc Capital Markets' Hans Chung maintains an Overweight rating...
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For Alibaba, Deutsche Bank Sees Further Upside
Tuesday, June 13, 2017 - 11:19am | 523Deutsche Bank analyst Alan Hellawell reiterated a Buy rating for Alibaba Group Holding Ltd (NYSE: BABA) following the company’s Investor Day and raised his price target from $151 to $161. The analyst also raised revenue estimates by high-single-digit percentages through 2020 in response to...
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Alibaba's Singles' Day Gross Merchandise Value Up 40% In First Half Of Day
Friday, November 11, 2016 - 10:18am | 281Morgan Stanley said Alibaba Group Holding Ltd (NYSE: BABA)’s Singles' Day midday gross merchandise value (GMV) rose 40 percent, with mobile ratio at 83.6 percent. Alibaba's GMV reached Rmb80.7 billion at 12:00 p.m. on November 11 versus Rmb57.6 billion to midday on last year’s...
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NVIDIA Delivers Second Consecutive Spectacular Quarter
Friday, November 11, 2016 - 10:06am | 359NVIDIA Corporation (NASDAQ: NVDA) reported its October quarter results ahead of expectations and announced another “spectacular” guidance, MKM Partners’ Ian Ing said in a report. He added that the company achieved strong growth in gaming and data center revenues and that “...
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Alibaba's Core Profitability Remains Strong, Near-Term Headwinds Notwithstanding
Wednesday, October 12, 2016 - 12:08pm | 435Previewing the fiscal second-quarter results of Alibaba Group Holding Ltd (NYSE: BABA), SunTrust noted that core profitability remains strong, despite the near-term investments headwinds. The firm sees strong investor sentiment and business momentum, based on the company's analyst day takeaways...
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Which Companies Are Winning The Cloud Services War?
Friday, June 10, 2016 - 1:36pm | 367The cloud has emerged as the newest massive multi-billion-dollar growth frontier in the tech space. Now that the dust has completely settled on Q1, Goldman Sachs analyst Heather Bellini took a look back at which companies are dominating the cloud market and which companies are on the rise. In terms...
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NVIDIA's Deal With Alibaba Highlights Cloud Opportunity
Friday, January 22, 2016 - 11:34am | 209Shares of NVIDIA Corporation (NASDAQ: NVDA) were trading higher by more than 2 percent on Friday as investors and traders were encouraged by the prospects of its new partnership with Alibaba Group Holding Ltd (NYSE: BABA)'s cloud unit, AliCloud. Mark Lipacis of Jefferies commented in a note...
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Nvidia Details New Partnership With Alibaba's Alicloud
Thursday, January 21, 2016 - 4:04pm | 236According to Alizila, Alibaba Group Holding Ltd (NYSE: BABA)'s official blog, the company's cloud-computing unit, AliCloud, has entered into a new partnership with NVIDIA Corporation (NASDAQ: NVDA) to create China's first ever Internet-based high-performance graphics processing...