Alibaba Group Holding Limited (BABA) shares are trading at $178, up 0.12%. The company will report fiscal first-quarter earnings before the US market opens on Thursday. What's driving BABA stock price? What's BABA stock price forecast?
Management is calling for 60% revenue growth in FY19--and this is well ahead of market expectations of 40% growth. 60% growth (50% excluding the consolidation of food delivery platform Ele.me and Cainiao) further validates the underpinning network effect for the company. Analysts are now closely watching the retailer's aggressive expansion into new categories (fashion, CPG) and verticals beyond e-commerce, such as local services and entertainment.
www.finstead.com/bit...ction-august-22-2018
Management is calling for 60% revenue growth in FY19--and this is well ahead of market expectations of 40% growth. 60% growth (50% excluding the consolidation of food delivery platform Ele.me and Cainiao) further validates the underpinning network effect for the company. Analysts are now closely watching the retailer's aggressive expansion into new categories (fashion, CPG) and verticals beyond e-commerce, such as local services and entertainment.
www.finstead.com/bit...ction-august-22-2018