Scalper1 News
Following a disappointing earnings report, Alibaba Group (BABA) was hammered by analysts who slashed their price targets on China’s dominant e-commerce services provider. Alibaba turned in its slowest revenue growth in at least four years with its fiscal first-quarter earnings Wednesday morning. Revenue rose 28% in local currency to $3.27 billion. Pacific Crest Securities analyst Cheng Cheng cut his price target on Alibaba stock to 94 from 104, Scalper1 News
Scalper1 News