From Nasdaq: 2024-05-24 07:09:00

Alibaba (BABA) is a Zacks Rank #5 (Strong Sell) due to lower earnings estimates post recent beat. The company has evolved into a diverse conglomerate in China, offering services from e-commerce to cloud computing.

Alibaba’s earnings history shows a mix of beats and a miss, with the most recent quarter beating estimates. However, earnings estimates for 2024 and 2025 have been revised lower, leading to its Zacks Rank #5 (Strong Sell) status.

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Read more at Nasdaq: Bear Of The Day: Alibaba (BABA)