From Nasdaq: 2024-05-08 17:45:11

Alibaba (BABA) closed at $78.46, dropping 1.15% from the previous day, while the Dow gained 0.44% and the Nasdaq fell 0.18%. Over the last month, Alibaba’s shares rose by 8.74%, surpassing the Retail-Wholesale sector and the S&P 500. Earnings report set for May 14, 2024, with a projected EPS of $1.20 and revenue of $30.6 billion. Analysts are closely monitoring Alibaba’s performance and recent projections. The Zacks Rank system rates Alibaba as a #5 (Strong Sell) with a Forward P/E ratio of 9.58. The Internet-Commerce industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 64.

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