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Benzinga
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Alibaba's 55% Rally Gets Goldman's $1 Billion Boost - Will Q4 Earnings Justify The Bet?

1. BABA will report fiscal Q4 earnings on Thursday; EPS expected at $1.37. 2. Stock surged over 15% last month, driven by AI optimism and Goldman Sachs support. 3. Goldman bought $1 billion in BABA shares, signaling strong institutional confidence. 4. BABA trades above key moving averages, indicating bullish momentum before earnings. 5. Analysts target BABA at $176.33, suggesting a potential 32% upside.

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FAQ

Why Bullish?

Buoyant sentiment and Goldman Sachs' confidence support positive price action. Historical trends show institutional interest often precedes price increases.

How important is it?

The article highlights key earnings expectations and institutional support, crucial for short-term trading decisions.

Why Short Term?

Earnings report scheduled imminently; results will likely affect stock immediately. Similar patterns were observed post-reports in high-growth stocks.

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