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<Research>Nomura Estimates Alibaba (BABA.US) Last Qtr Rev. to Hike 10%, Above Consensus
Recommend 52 Positive 83 Negative 22 |
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Alibaba (BABA.US)'s e-commerce growth is likely to expedite in 3Q ended December 2024, with overall revenues expected to grow 10% YoY, beating street consensus by 3%, Nomura said in a research note. CMR may hike 6%, accelerating from 2.5% growth in the previous quarter and a bit higher than the street consensus of 5%. Nomura also estimated that Alibaba's overall EBITA may rise 1.7% YoY, roughly in line with consensus of 1.5%; the group's Taobao and Tmall groups may post a 4% growth in revenues; and EBITA was expected to be flat YoY. The broker had a US$130 target price and a Buy rating on Alibaba's US shares. AAStocks Financial News |
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