These Analysts Revise Their Forecasts On Alibaba After Q2 Results

Core Viewpoint - Alibaba Group Holding reported better-than-expected second-quarter results, with revenue and adjusted earnings surpassing analyst estimates [1][2]. Financial Performance - Quarterly revenue reached $34.81 billion, reflecting a 5% year-over-year increase, exceeding the analyst consensus estimate of $34.43 billion [1]. - Adjusted earnings per American Depositary Share (ADS) were 61 cents, surpassing the analyst consensus estimate of 49 cents [1]. - Adjusted net income fell 72% to $1.45 billion, while adjusted EBITA decreased 78% year-over-year to $1.27 billion, attributed to investments in Taobao Instant Commerce and enhancements in user experiences, acquisitions, and technology [2]. Stock Market Reaction - Following the earnings announcement, Alibaba shares increased by 1.3%, trading at $159.02 [2]. Analyst Ratings and Price Targets - Bernstein analyst Robin Zhu maintained an Outperform rating but lowered the price target from $200 to $190 [4]. - Barclays analyst Jiong Shao kept an Overweight rating and raised the price target from $190 to $195 [4]. - JP Morgan analyst Alex Yao maintained an Overweight rating while reducing the price target from $240 to $230 [4].