BofA analyst Joyce Ju raised the firm’s price target on Alibaba (BABA) to $117 from $112 and keeps a Buy rating on the shares. The firm, which expects Alibaba to report fiscal Q3 results in mid-to-late February, estimates total revenue growth of 9% year-over-year, 2% above the Street expectation, and forecasts China marketplaces’ customer management revenue to grow 7% year-over-year.
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