- The shares of Alibaba Group (NYSE: (BA)(BA)) have received a price target decrease from $338 to $306 by Citi. These are the details.
Yap pointed out that even though Alibaba had delivered stronger-than-expected total revenue in the fourth quarter, the company’s adjusted EBITA for core commerce was slightly below estimates as investments in community marketplaces and Taobao Deals widened the total losses.
Even though the increase in investments were not surprising, the market appears to be “more time to digest” the message from management.
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