Sunday, October 26, 2014

Alibaba BABA a Buy Headed into Earnings

Alibaba, BABA, is rated a buy by me heading into earnings season for it.  It will release its first earnings report during the week of November 17, and I expect that release to be on the 17th or the 18th.  Leading up to these results, I expect the stock to trade higher and for Alibaba to beat earnings expectations.  Earlier in the month and last month, I set a $120 12 month price target on the stock.  I have no position in BABA.

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