Alibaba: Susquehanna initiates with 'positive' rating.
(CercleFinance.com) - Susquehanna International has initiated its coverage of Alibaba with a "positive" rating and target price of 220 dollars, saying that the Chinese e-commerce "killer" has "several years of strong growth ahead.
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The brokerage firm points out that Alibaba, with its recent acquisition of Southeast Asia platform Lazada, has ramped up its push to expand its e-commerce playbook outside China.
Susquehanna also thinks that Alibaba's digital media assets, such as video on demand service Youku are going to play a crucial role in bringing new users, while also creating additional monetization opportunities.
In all, the broker sees Alibaba as a company with 40%+ revenue growth, with "impressive" 40%+ margins and upside potential over time, prompting the analysts to say that "valuation has room to move higher."
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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The brokerage firm points out that Alibaba, with its recent acquisition of Southeast Asia platform Lazada, has ramped up its push to expand its e-commerce playbook outside China.
Susquehanna also thinks that Alibaba's digital media assets, such as video on demand service Youku are going to play a crucial role in bringing new users, while also creating additional monetization opportunities.
In all, the broker sees Alibaba as a company with 40%+ revenue growth, with "impressive" 40%+ margins and upside potential over time, prompting the analysts to say that "valuation has room to move higher."
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.