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Is Alibaba Stock a Buy Ahead of Earnings? 5-Star Analyst Weighs In
Before Thursday’s market action kicks off, Alibaba (BABA) will step up to the earnings plate and deliver F4Q22’s financials. The latest quarterly update comes against a backdrop of a contracting Chinese economy, supply chain woes and the recent zero-COVID lockdowns. Taking these factors into consideration, ahead of the print, Baird’s 5-star analyst Colin Sebastian thinks some revisions are in order on the outlook for F23. The analyst now anticipates F1Q23 (June) revenues will increase by 4% year
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