Alibaba's Cloud And Digital Commerce Segment Performance Drive Analyst Optimism After Q1 Earnings

Alibaba Group Holding Limited BABA stock gained on Friday after multiple analysts raised their price forecasts following the company’s mixed fiscal first-quarter earnings on Thursday.The results came amid an exciting earnings season. Here are some key analyst takeaways.Alibaba reported fiscal first-quarter 2024 revenue growth of 4% year-on-year to $33.47 billion, lagging the analyst estimate of $34.81 billion. Adjusted earnings per ADS of $2.26 topped the consensus estimate of $2.13. Citigroup analyst Alici ...