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Alibaba's Offline/Online Business Models Expand Market Opportunity, Analyst Says
Tuesday, September 29, 2020 - 1:46pm | 389Following the second day of Alibaba Group's (NYSE: BABA) three-day Investor Day, an analyst at UBS came away bullish on the company's online and offline business models. The Alibaba Analyst: Jerry Liu maintained a Buy rating and a $330 price target for Alibaba shares. The Alibaba...
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JD.com Analysts Buy Into E-Commerce Giant's Consistent Execution Amid Uncertain Times
Monday, May 18, 2020 - 3:10pm | 764Shares of Chinese e-commerce company JD.Com Inc (NASDAQ: JD) are trading in record territory for the second straight session, thanks to strong first-quarter results. The JD.com Analysts Stifel analyst Scott Devitt maintained a Neutral rating on JD.com and raised the price target from $43 to $50....
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JD Shows Resilience Amid Coronavirus Mayhem, UBS Says
Tuesday, March 3, 2020 - 12:55pm | 267JD.Com Inc (NASDAQ: JD) seems to be weathering the impact of the coronavirus outbreak better than expected and its business model exhibits resilience for the near and long term, according to UBS. The JD Analyst Jerry Liu maintained a Buy rating for JD.com, while raising the price target from $52 to...
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Trade War Overshadows Solid Earnings From JD.com
Monday, May 13, 2019 - 12:27pm | 592Chinese e-commerce giant JD.com Inc. (NASDAQ: JD) released its first-quarter earnings on Friday in the middle of a ramp in international trade tensions between the U.S. and China. Despite the unfortunate timing, JD's numbers were fairly impressive. JD reported first-quarter revenue of 121.1...
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Alibaba Analysts Stay Bullish After Q3 Print
Monday, February 4, 2019 - 5:41pm | 573Chinese e-commerce platform Alibaba Group Holding Ltd (NYSE: BABA) reported an earnings beat in its fiscal third quarter Jan. 30, just one day after its home country saw a "day of disaster" for earnings, according to Bloomberg. Here's how the Street reacted. The...
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The Street Turns Its Back On Fitbit
Thursday, November 3, 2016 - 3:14pm | 330After Fitbit Inc (NYSE: FIT)'s not-so-disappointing Q3 report but lowered guidance for Q4 and beyond, the market reacted. Shares were trading down nearly 30 percent mid-day Thursday with little or no bounce back after hitting $9 per share. Morgan Stanley Research: Downgraded to Equal Weight...
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Fitbit's Demand Issues Will Take Time To Correct, Needs New Products And Partnerships
Thursday, November 3, 2016 - 10:49am | 441Shares of Fitbit Inc (NYSE: FIT) were set to open on a new 52-week low Thursday as it plunged 30 percent in the pre-market hours to $8.97 as weaker demand and supply constraints led to a lower third-quarter profit and a cut in the fourth-quarter outlook. The mid-point of Fitbit's new fourth...
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Garmin's High Fitness, Outdoor Expectations Are Already Priced In; Morgan Cuts Target To $46
Thursday, August 25, 2016 - 9:55am | 347Following the 35 percent year-to-date rally in Garmin Ltd. (NASDAQ: GRMN) shares, Morgan Stanley’s Jerry Liu believes the stock is pricing in EPS of $3 and 30 percent revenue growth for the fitness and outdoor segments in 2017, which is optimistic. Liu maintains an Equal-Weight rating on the...
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Fitbit's New Product Should Lead To Strong Holiday Season
Wednesday, August 3, 2016 - 8:11am | 389Fitbit Inc (NYSE: FIT) reported its 2Q results slightly ahead of the consensus expectations, and Morgan Stanley’s Jerry Liu believes that the company is well positioned heading into the holiday season. Liu maintains an Overweight rating on the company, with a price target of $31. Well...
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Morgan Stanley: Apple Lowered iPhone And Watch Entry Price To Attract New Users
Tuesday, March 22, 2016 - 11:01am | 275Morgan Stanley issued a note on Apple Inc. (NASDAQ: AAPL) after the company announced pricing for its new entry level iPhone SE that came in $50 below expectations. Analysts at Morgan Stanley rate Apple as Overweight with a $135 price target. Analysts Katy Huberty and Jerry Liu wrote, "...