Earnings Report Releases Multiple Signals, Share Price Trend Is Unknown
$Alibaba (BABA.US)$ announced its financial report for the Q2 quarter of fiscal year 2021 in pre-market on 5th November. According to the data, its revenue increased by 30%, and its adjusted net profit increased by 44%. Among them, the cloud computing business also has outstanding performance, with revenue growth over 60%. However, the monthly active users of mobile in September did not exceed market estimates.
After the financial report was announced, Ali’s stock price fell 2.69% on the day and closed at $287.75. Multiple signals have been released in the financial report. Whether you are bearish or bullish on Ali, you can find corresponding evidence in the financial report. Ali's stock price usually falls after the financial report is announced, and often rebounds sharply in the future. However, it remains to be seen how its subsequent share price changes due to the impact of Ant's IPO.
Some analysts pointed out that the rapidly expanding cloud business is still the most noteworthy point of Ali's future business. HSBC believes that Ali’s fundamentals still have a lot of room for growth, and has given a target price of $373.
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uicdo : Did that already![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)