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What's Next for Alibaba After Its Q1 Earnings and $10.2B Equity Raise? (BABA:NYSE)
Summary by Seeking Alpha
3 Articles
3 Articles
Alibaba (BABA) Stock Drops 5% as $10B Share Sale Raises Questions About Cash Use
TLDR Bernstein SocGen cut its BABA price target to $165 from $180, while keeping an Outperform rating Alibaba stock has dropped about 5% since announcing a $10.2 billion equity raise on Aug. 23 Investors questioned why Alibaba raised new capital when it already held $30.7 billion in net cash...
Coverage Details
Total News Sources3
Leaning Left0Leaning Right1Center0Last Updated100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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