Financial reports send multiple signals, and the stock price trend is unknown
$Alibaba (BABA.US)$ On November 5, the US stock market announced financial results for the Q2 quarter of fiscal year 2021 before the market. According to data, its revenue increased by 30%, and adjusted net profit increased by 44%. Among them, the cloud computing business also had impressive performance, with revenue growth of 60%. However, in September, mobile monthly activity users did not exceed market estimation standards.
After the financial report was announced, Ali's stock price fell on the same day2.69%, closing at $287.75. Multiple signals have been released in financial reports. Whether they are bearish or bullish on Ali, corresponding evidence can be found in financial reports. Ali's stock price usually falls after the earnings report is announced, and it often rebounds sharply thereafter. However, due to the impact of Ant's IPO, it remains to be seen how its stock price will change in the future.
Some analysts pointed out that the rapidly expanding cloud business is still one of the most noteworthy points of Alibaba's future business. HSBC, on the other hand, believes that Ali's fundamentals still have a lot of room for growth, and has given a target price of 373 US dollars.
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