Why Analysts are Loving Alibaba Group Holding Ltd (NYSE:BABA)

Alibaba Group Holding Ltd (NYSE:BABA) is getting investors’ attention after the company recently said that it is expecting a revenue growth of about 45%-49% in fiscal 2018. Analysts were expecting a growth of about 37% in the period. Alibaba Group Holding Ltd (NYSE:BABA)’s Cloud revenue is also increasing. The company’s Cloud subscribers increased to 874,000 from 765,000 in the fourth quarter. Several investment firms are bullish on the Chinese ecommerce company. Stifel gave a “Buy” rating on the stock after Alibaba Group Holding Ltd (NYSE:BABA)’s strong revenue outlook for 2018.

Goldman Sachs has a price target of $179 for Alibaba. Similarly, BofA/Merrill Lynch recently upped its price target on Alibaba to $161. ValueSpectrum.com News Wire & Equity Research: +31 084-0032-842

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