Equities Analysts Set Expectations for Alibaba Group Holding Limited's FY2021 Earnings (BABA)
By: MarketBeat | April 21, 2021
Alibaba Group Holding Limited (NYSE:BABA) - Stock analysts at Truist Securiti decreased their FY2021 earnings per share (EPS) estimates for shares of Alibaba Group in a note issued to investors on Monday, April 19th. Truist Securiti analyst Y. Squali now anticipates that the specialty retailer will post earnings per share of $7.69 for the year, down from their prior estimate of $8.05. Truist Securiti also issued estimates for Alibaba Group's Q4 2021 earnings at $1.63 EPS, FY2022 earnings at $8.63 EPS, FY2023 earnings at $12.04 EPS, FY2024 earnings at $16.48 EPS and FY2025 earnings at $21.24 EPS.
BABA has been the subject of several other reports. CICC Research started coverage on shares of Alibaba Group in a research note on Friday, April 2nd. They set an "outperform" rating for the company. Raymond James lowered their target price on shares of Alibaba Group from $350.00 to $330.00 and set a "strong-buy" rating for the company in a report on Monday. Truist Securities cut their price objective on shares of Alibaba Group from $330.00 to $315.00 and set a "buy" rating on the stock in a research report on Monday. Citigroup cut their price objective on shares of Alibaba Group from $345.00 to $338.00 in a research report on Friday, April 9th. Finally, HSBC lifted their price objective on shares of Alibaba Group from $329.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, February 3rd. Three equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company's stock. The company has a consensus rating of "Buy" and an average price target of $319.73.
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