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2021-11-23

I hope the analysts are right

BABA Stock: Despite Earnings Miss, Experts See 54% Upside<blockquote>阿里巴巴股票：尽管盈利未达预期，但专家认为上涨空间仍为 54%</blockquote>

Chinese e-commerce giant Alibaba reported disappointing earnings on November 18. The stock reacted p

BABA Stock: Despite Earnings Miss, Experts See 54% Upside<blockquote>阿里巴巴股票：尽管盈利未达预期，但专家认为上涨空间仍为 54%</blockquote>

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The stock reacted p","content":"Chinese e-commerce giant Alibaba reported disappointing earnings on November 18. The stock reacted poorly, sinking 11%. However, Wall Street experts still believe that BABA is undervalued.<blockquote>中国电子商务巨头阿里巴巴-SW 11月18日公布了令人失望的财报。该股反应不佳，下跌11%。不过，华尔街专家仍认为阿里巴巴被低估。</blockquote> Alibabadisappointed on earnings day. On November 18, the Chinese e-commerce behemoth reported a revenue and EPS miss. The stock has been hurting badly throughout 2021 and is nearly 40% lower year-to-date.<blockquote>阿里巴巴在财报日感到失望。11 月 18 日，这家中国电子商务巨头报告收入和每股收益均未达预期。该股在 2021 年全年遭受重创，今年迄今已下跌近 40%。</blockquote> <img src=\"https://static.tigerbbs.com/c36e7c677aeece40f848878d4ce5194e\" tg-width=\"685\" tg-height=\"488\" referrerpolicy=\"no-referrer\">Figure 1: Alibaba stock chart price year-to-date.<blockquote>图 1：年初至今阿里巴巴-SW股票图表价格。</blockquote> However, Wall Street still sees BABA as a strong buy. After the release of the earnings report, at least three experts have weighed on Alibaba stock. Wall Street Memes takes a closer look at what experts have been saying after Alibaba earnings.<blockquote>然而，华尔街仍然将阿里巴巴视为强力买入。财报发布后，至少有三位专家对阿里巴巴-SW股票进行了权衡。华尔街模因仔细看看阿里巴巴-SW财报后专家们的言论。</blockquote> September quarter’s big miss<blockquote>九月季度的大失误</blockquote> Alibaba&nbsp;reported&nbsp;September quarter earnings below Wall Street estimates. Earnings per share missed by $0.19 and revenue missed by $638.6 million. Not only did the company disappoint on fiscal Q2 results, but it also delivered soft guidance as well.<blockquote>阿里巴巴-SW公布的 9 月份季度收益低于华尔街预期。每股收益减少 0.19 美元，收入减少 6.386 亿美元。该公司不仅对第二财季业绩感到失望，而且还提供了软指引。</blockquote> <img src=\"https://static.tigerbbs.com/3c0700584bcc1964a4ab6d213b455924\" tg-width=\"912\" tg-height=\"394\" referrerpolicy=\"no-referrer\">Figure 2: BABA EPS surprise &amp; estimates by quarter.<blockquote>图 2：阿里巴巴每股收益惊喜及季度预测。</blockquote> Weaker-than-expected performance can be blamed on China’s economic&nbsp;slowdown&nbsp;during calendar Q3, in addition to issues like regulations around antitrust and data security. However, Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group,said&nbsp;that the longer-term growth goals remain on track.:<blockquote>业绩弱于预期可归咎于中国第三季度经济放缓，此外还有反垄断和数据安全法规等问题。不过，阿里巴巴-SW集团董事长兼首席执行官张勇表示，长期增长目标仍在轨道上：</blockquote> “ This quarter, Alibaba continued to firmly invest into our three strategic pillars of domestic consumption, globalization, and cloud computing to establish solid foundations for our long-term goal of sustainable growth in the future.” Alibaba’s gloomy view of macroeconomic conditions and the competitive landscape dictated its fiscal year 2022 revenue&nbsp;guidance&nbsp;of $145 billion (RMB930 billion). Alibaba now&nbsp;expects&nbsp;the top line to grow 20% to 23% year-over-year, quite a bit lower than pre-earnings consensus of 28.5%.<blockquote>“本季度，阿里巴巴-SW继续坚定投资国内消费、全球化和云计算三大战略支柱，为我们未来可持续增长的长远目标奠定坚实基础。”阿里巴巴-SW对宏观经济状况和竞争格局的悲观看法决定了其2022财年的收入指导为1450亿美元（9300亿元人民币）。阿里巴巴-SW目前预计营收同比增长 20% 至 23%，远低于财报前预期的 28.5%。</blockquote> Experts are still bullish<blockquote>专家仍然看好</blockquote> Before the September quarter earnings season, sell-side consensus on BABA looked extremely bullish. Based on 22 analyst rating, the stock was considered a strong buy, with only one neutral and one sell recommendation.<blockquote>在 9 月份季度财报季之前，卖方对阿里巴巴的共识看起来极其乐观。根据 22 位分析师的评级，该股被认为是强力买入，只有一项中性建议和一项卖出建议。</blockquote> After the earnings report, at least three analysts have weighed on BABA stock. Despite all three having lowered their price targets, BABA still has an average projected price of $221.33 among these analysts, which represents 54% upside potential.<blockquote>财报发布后，至少有三位分析师对阿里巴巴股票进行了权衡。尽管这三家公司都下调了目标价，但这些分析师对阿里巴巴的平均预计价格仍为 221.33 美元，代表了 54% 的上涨潜力。</blockquote> CLSA analyst Elinor Leung maintained a buy recommendation on BABA and&nbsp;lowered&nbsp;the company’s price target to $250 from $273, for a still compelling 74% upside potential. The analyst sees September quarter results as disappointing, but also believes that the company’s strategic investments continue to improve.<blockquote>里昂证券分析师 Elinor Leung 维持对阿里巴巴的买入建议，并将该公司的目标价从 273 美元下调至 250 美元，其 74% 的上涨潜力仍然令人信服。这位分析师认为 9 月份的季度业绩令人失望，但也认为公司的战略投资将继续改善。</blockquote> Citigroup analyst Alicia Yap also&nbsp;lowered&nbsp;the research firm's price target on Alibaba to $234 from $240 for 63% gain potential, but kept a buy recommendation. Mrs. Yap was not surprised to see Alibaba’s miss, especially following a substantial slowdown in NBS retail data for the past two months.<blockquote>花旗集团分析师 Alicia Yap 还将该研究公司对阿里巴巴-SW的目标价从 240 美元下调至 234 美元，上涨潜力为 63%，但维持买入评级。叶女士对阿里巴巴-SW的失误并不感到惊讶，尤其是在过去两个月国家统计局零售数据大幅放缓之后。</blockquote> Lastly, Morgan Stanley analyst Gary Yu&nbsp;maintained&nbsp;his buy recommendation on BABA and set the upside opportunity at 25%. Alibaba’s fiscal 2022 revenue growth guidance cut to 20-23% led the analyst to revisit his model and de-risk the price target. The analyst also said:<blockquote>最后，摩根士丹利分析师 Gary Yu 维持对阿里巴巴的买入评级，并将上涨机会设定为 25%。阿里巴巴-SW将 2022 财年的收入增长指引下调至 20-23%，这促使这位分析师重新审视了他的模型，并降低了目标价的风险。该分析师还表示：</blockquote> \"We estimate that slightly less than half of the incremental change of RMB50-70 billion comes from lower customer management revenue (CMR) and some from China Retail Others, given lackluster consumption and competition. 3QF22 industry GMV is tracking only at single-digit growth. NBS online retail sales of goods grew 10.3% yoy in October while Tmall Double 11 GMV grew 8.5% yoy. With merchant support, therefore, we expect CMR to grow 4-5% yoy in 2HF22.” <blockquote>“我们估计，鉴于消费低迷和竞争激烈，500-700亿元人民币的增量变化中，略低于一半来自客户管理收入（CMR）下降，部分来自中国零售其他收入。2022年第三季度行业GMV仅保持个位数增长。10月份，NBS网上商品零售额同比增长10.3%，而天猫双11 GMV同比增长8.5%。因此，在商家的支持下，我们预计 CMR 在 2022 年下半年同比增长 4-5%。”</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BABA Stock: Despite Earnings Miss, Experts See 54% Upside<blockquote>阿里巴巴股票：尽管盈利未达预期，但专家认为上涨空间仍为 54%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBABA Stock: Despite Earnings Miss, Experts See 54% Upside<blockquote>阿里巴巴股票：尽管盈利未达预期，但专家认为上涨空间仍为 54%</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nTheStreet2021-11-22 13:43\n\n</h4>\n</header>\n<article>\nChinese e-commerce giant Alibaba reported disappointing earnings on November 18. The stock reacted poorly, sinking 11%. However, Wall Street experts still believe that BABA is undervalued.<blockquote>中国电子商务巨头阿里巴巴-SW 11月18日公布了令人失望的财报。该股反应不佳，下跌11%。不过，华尔街专家仍认为阿里巴巴被低估。</blockquote> Alibabadisappointed on earnings day. On November 18, the Chinese e-commerce behemoth reported a revenue and EPS miss. The stock has been hurting badly throughout 2021 and is nearly 40% lower year-to-date.<blockquote>阿里巴巴在财报日感到失望。11 月 18 日，这家中国电子商务巨头报告收入和每股收益均未达预期。该股在 2021 年全年遭受重创，今年迄今已下跌近 40%。</blockquote> <img src=\"https://static.tigerbbs.com/c36e7c677aeece40f848878d4ce5194e\" tg-width=\"685\" tg-height=\"488\" referrerpolicy=\"no-referrer\">Figure 1: Alibaba stock chart price year-to-date.<blockquote>图 1：年初至今阿里巴巴-SW股票图表价格。</blockquote> However, Wall Street still sees BABA as a strong buy. After the release of the earnings report, at least three experts have weighed on Alibaba stock. Wall Street Memes takes a closer look at what experts have been saying after Alibaba earnings.<blockquote>然而，华尔街仍然将阿里巴巴视为强力买入。财报发布后，至少有三位专家对阿里巴巴-SW股票进行了权衡。华尔街模因仔细看看阿里巴巴-SW财报后专家们的言论。</blockquote> September quarter’s big miss<blockquote>九月季度的大失误</blockquote> Alibaba&nbsp;reported&nbsp;September quarter earnings below Wall Street estimates. Earnings per share missed by $0.19 and revenue missed by $638.6 million. Not only did the company disappoint on fiscal Q2 results, but it also delivered soft guidance as well.<blockquote>阿里巴巴-SW公布的 9 月份季度收益低于华尔街预期。每股收益减少 0.19 美元，收入减少 6.386 亿美元。该公司不仅对第二财季业绩感到失望，而且还提供了软指引。</blockquote> <img src=\"https://static.tigerbbs.com/3c0700584bcc1964a4ab6d213b455924\" tg-width=\"912\" tg-height=\"394\" referrerpolicy=\"no-referrer\">Figure 2: BABA EPS surprise &amp; estimates by quarter.<blockquote>图 2：阿里巴巴每股收益惊喜及季度预测。</blockquote> Weaker-than-expected performance can be blamed on China’s economic&nbsp;slowdown&nbsp;during calendar Q3, in addition to issues like regulations around antitrust and data security. However, Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group,said&nbsp;that the longer-term growth goals remain on track.:<blockquote>业绩弱于预期可归咎于中国第三季度经济放缓，此外还有反垄断和数据安全法规等问题。不过，阿里巴巴-SW集团董事长兼首席执行官张勇表示，长期增长目标仍在轨道上：</blockquote> “ This quarter, Alibaba continued to firmly invest into our three strategic pillars of domestic consumption, globalization, and cloud computing to establish solid foundations for our long-term goal of sustainable growth in the future.” Alibaba’s gloomy view of macroeconomic conditions and the competitive landscape dictated its fiscal year 2022 revenue&nbsp;guidance&nbsp;of $145 billion (RMB930 billion). Alibaba now&nbsp;expects&nbsp;the top line to grow 20% to 23% year-over-year, quite a bit lower than pre-earnings consensus of 28.5%.<blockquote>“本季度，阿里巴巴-SW继续坚定投资国内消费、全球化和云计算三大战略支柱，为我们未来可持续增长的长远目标奠定坚实基础。”阿里巴巴-SW对宏观经济状况和竞争格局的悲观看法决定了其2022财年的收入指导为1450亿美元（9300亿元人民币）。阿里巴巴-SW目前预计营收同比增长 20% 至 23%，远低于财报前预期的 28.5%。</blockquote> Experts are still bullish<blockquote>专家仍然看好</blockquote> Before the September quarter earnings season, sell-side consensus on BABA looked extremely bullish. Based on 22 analyst rating, the stock was considered a strong buy, with only one neutral and one sell recommendation.<blockquote>在 9 月份季度财报季之前，卖方对阿里巴巴的共识看起来极其乐观。根据 22 位分析师的评级，该股被认为是强力买入，只有一项中性建议和一项卖出建议。</blockquote> After the earnings report, at least three analysts have weighed on BABA stock. Despite all three having lowered their price targets, BABA still has an average projected price of $221.33 among these analysts, which represents 54% upside potential.<blockquote>财报发布后，至少有三位分析师对阿里巴巴股票进行了权衡。尽管这三家公司都下调了目标价，但这些分析师对阿里巴巴的平均预计价格仍为 221.33 美元，代表了 54% 的上涨潜力。</blockquote> CLSA analyst Elinor Leung maintained a buy recommendation on BABA and&nbsp;lowered&nbsp;the company’s price target to $250 from $273, for a still compelling 74% upside potential. The analyst sees September quarter results as disappointing, but also believes that the company’s strategic investments continue to improve.<blockquote>里昂证券分析师 Elinor Leung 维持对阿里巴巴的买入建议，并将该公司的目标价从 273 美元下调至 250 美元，其 74% 的上涨潜力仍然令人信服。这位分析师认为 9 月份的季度业绩令人失望，但也认为公司的战略投资将继续改善。</blockquote> Citigroup analyst Alicia Yap also&nbsp;lowered&nbsp;the research firm's price target on Alibaba to $234 from $240 for 63% gain potential, but kept a buy recommendation. Mrs. Yap was not surprised to see Alibaba’s miss, especially following a substantial slowdown in NBS retail data for the past two months.<blockquote>花旗集团分析师 Alicia Yap 还将该研究公司对阿里巴巴-SW的目标价从 240 美元下调至 234 美元，上涨潜力为 63%，但维持买入评级。叶女士对阿里巴巴-SW的失误并不感到惊讶，尤其是在过去两个月国家统计局零售数据大幅放缓之后。</blockquote> Lastly, Morgan Stanley analyst Gary Yu&nbsp;maintained&nbsp;his buy recommendation on BABA and set the upside opportunity at 25%. Alibaba’s fiscal 2022 revenue growth guidance cut to 20-23% led the analyst to revisit his model and de-risk the price target. The analyst also said:<blockquote>最后，摩根士丹利分析师 Gary Yu 维持对阿里巴巴的买入评级，并将上涨机会设定为 25%。阿里巴巴-SW将 2022 财年的收入增长指引下调至 20-23%，这促使这位分析师重新审视了他的模型，并降低了目标价的风险。该分析师还表示：</blockquote> \"We estimate that slightly less than half of the incremental change of RMB50-70 billion comes from lower customer management revenue (CMR) and some from China Retail Others, given lackluster consumption and competition. 3QF22 industry GMV is tracking only at single-digit growth. NBS online retail sales of goods grew 10.3% yoy in October while Tmall Double 11 GMV grew 8.5% yoy. With merchant support, therefore, we expect CMR to grow 4-5% yoy in 2HF22.” <blockquote>“我们估计，鉴于消费低迷和竞争激烈，500-700亿元人民币的增量变化中，略低于一半来自客户管理收入（CMR）下降，部分来自中国零售其他收入。2022年第三季度行业GMV仅保持个位数增长。10月份，NBS网上商品零售额同比增长10.3%，而天猫双11 GMV同比增长8.5%。因此，在商家的支持下，我们预计 CMR 在 2022 年下半年同比增长 4-5%。”</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.thestreet.com/memestocks/other-memes/baba-stock-despite-earnings-miss-experts-see-54-upside\">TheStreet</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://www.thestreet.com/memestocks/other-memes/baba-stock-despite-earnings-miss-experts-see-54-upside","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192020197","content_text":"Chinese e-commerce giant Alibaba reported disappointing earnings on November 18. The stock reacted poorly, sinking 11%. However, Wall Street experts still believe that BABA is undervalued.\nAlibabadisappointed on earnings day. On November 18, the Chinese e-commerce behemoth reported a revenue and EPS miss. The stock has been hurting badly throughout 2021 and is nearly 40% lower year-to-date.\nFigure 1: Alibaba stock chart price year-to-date.\nHowever, Wall Street still sees BABA as a strong buy. After the release of the earnings report, at least three experts have weighed on Alibaba stock. Wall Street Memes takes a closer look at what experts have been saying after Alibaba earnings.\nSeptember quarter’s big miss\nAlibaba reported September quarter earnings below Wall Street estimates. Earnings per share missed by $0.19 and revenue missed by $638.6 million. Not only did the company disappoint on fiscal Q2 results, but it also delivered soft guidance as well.\nFigure 2: BABA EPS surprise & estimates by quarter.\nWeaker-than-expected performance can be blamed on China’s economic slowdown during calendar Q3, in addition to issues like regulations around antitrust and data security. However, Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group,said that the longer-term growth goals remain on track.:\n\n “\n This quarter, Alibaba continued to firmly invest into our three strategic pillars of domestic consumption, globalization, and cloud computing to establish solid foundations for our long-term goal of sustainable growth in the future.”\n\nAlibaba’s gloomy view of macroeconomic conditions and the competitive landscape dictated its fiscal year 2022 revenue guidance of $145 billion (RMB930 billion). Alibaba now expects the top line to grow 20% to 23% year-over-year, quite a bit lower than pre-earnings consensus of 28.5%.\nExperts are still bullish\nBefore the September quarter earnings season, sell-side consensus on BABA looked extremely bullish. Based on 22 analyst rating, the stock was considered a strong buy, with only one neutral and one sell recommendation.\nAfter the earnings report, at least three analysts have weighed on BABA stock. Despite all three having lowered their price targets, BABA still has an average projected price of $221.33 among these analysts, which represents 54% upside potential.\nCLSA analyst Elinor Leung maintained a buy recommendation on BABA and lowered the company’s price target to $250 from $273, for a still compelling 74% upside potential. The analyst sees September quarter results as disappointing, but also believes that the company’s strategic investments continue to improve.\nCitigroup analyst Alicia Yap also lowered the research firm's price target on Alibaba to $234 from $240 for 63% gain potential, but kept a buy recommendation. Mrs. Yap was not surprised to see Alibaba’s miss, especially following a substantial slowdown in NBS retail data for the past two months.\nLastly, Morgan Stanley analyst Gary Yu maintained his buy recommendation on BABA and set the upside opportunity at 25%. Alibaba’s fiscal 2022 revenue growth guidance cut to 20-23% led the analyst to revisit his model and de-risk the price target. The analyst also said:\n\n\"We estimate that slightly less than half of the incremental change of RMB50-70 billion comes from lower customer management revenue (CMR) and some from China Retail Others, given lackluster consumption and competition. 3QF22 industry GMV is tracking only at single-digit growth. NBS online retail sales of goods grew 10.3% yoy in October while Tmall Double 11 GMV grew 8.5% yoy. With merchant support, therefore, we expect CMR to grow 4-5% yoy in 2HF22.”","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":4975,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":24,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}