Alibaba's (BABA) Growth Trends Can Continue Into FY 2018 - Needham

Needham & Company maintains Buy on Alibaba (NYSE: BABA), keeps price target of $125.00.

Analyst Kerry Rice liked BABA's quarter and says "Alibaba reported a strong Dec quarter with its China Commerce and International businesses providing the upside. Within China Commerce, Online Marketing Services benefited from merchants leveraging data and technology to create highly personalized shopping experiences, which translated into higher consumer spending. BABA's focus on integrating engaging content also attracted more consumers to its mobile app. Mobile MAUs increased by 43M q/q and monetization continued to improve. BABA also experienced accelerating commission revenue growth, driven by strong Tmall GMV. International revenue benefited from contributions from Youku and Lazada. We believe these growth trends are sustainable well into FY18. BABA also reported EBITDA upside not only as result of the revenue upside, but also cost controls."

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 $101.43 yesterday.

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