Buy Alibaba (BABA) on Today's Weakness - Oppenheimer

Oppenheimer analyst Ella Ji reiterating an Outperform rating and $133 price target on Alibaba (NYSE: BABA), telling client to buy on today's weakness.

Ji comments, "F3Q15 revenue outperformed our estimate by 1% but missed the Street by 5%. Non-GAAP operating margin improved nicely from 43.7% in 2Q15 to 52.2%, led by lower than expected R&D and G&A spending. Non-GAAP EPS of $0.81 was $0.09 above our estimate on solid margin expansion. We appreciate the company's efforts in strengthening user experience and market share, while we expect incremental near-term pressure on overall take rate. We think the sell-off today indicates a buying opportunity. We are in the process of reviewing our model."

For an analyst ratings summary and ratings history on Alibaba click here. For more ratings news on Alibaba click here.

Shares of Alibaba closed at $98.45 yesterday.

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