Top Wall Street Forecasters Revamp Alibaba Expectations Ahead Of Q1 Earnings
1. BABA to report Q1 earnings; expected earnings drop to $1.95 per share. 2. Projected revenue rises to $34.26 billion, up from $33.47 billion. 3. Shares fell 2.2% to $119.57 ahead of earnings announcement. 4. Analyst ratings maintain support but target prices were cut significantly. 5. Analysts expect a mixed performance with multiple downgrades in price targets.