Alibaba Soars On Solid Revenue Outlook: 6 ETFs To Tap
Zacks Investment Research | Jun 08, 2017 10:36PM ET
Chinese e-commerce giant Alibaba Group (NYSE:BABA) lifted investors’ sentiment on Thursday after it offered upbeat revenue guidance for fiscal 2018 at its investor day in Hangzhou. It expects an explosive revenue growth of 45–49% in the current fiscal year, or revenues of around $34.3 billion, far above analysts’ estimates.
The Zacks Consensus Estimate calls for 30.9% growth in revenue while Bloomberg estimates revenue growth of 35% (read: Zacks Investment Research
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