@VernaFred：Wall Street loves Alibaba right now. Since the turn of the year, more and more Wall Street banks have turned bullish on the Chinese tech sector, with Alibaba emerging as a favorite stock. It is rated “buy” by almost all analysts — 93% — covering it, according to FactSet. They give it average potential upside of 43%. The Chinese tech giant, which spans e-commerce, technology and internet segments, is due to report its earnings for the December quarter on Thursday. An analysis of Wall Street research reveals longer-term bullishness on the stock, though analysts warn of potential short-term pressure. Morgan Stanley Morgan Stanley estimates Alibaba’s revenue to come in 1% below consensus.However, it expects the company to achieve a 5.2% year-on-year increase in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of 47.1 billion Chinese yuan ($6.87 billion), in line with estimates. Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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