<div id="readability-page-1"><div><div>Alibaba Group Holding BABA posted better-than-expected revenue for the first quarter on Friday.The company posted quarterly revenue of $34.57 billion, up 2% year-over-year, surpassing the consensus estimate of $34.26 billion. On a like-for-like basis, excluding revenue from the divested Sun Art and Intime businesses, Alibaba’s revenue would have grown 10% year-over-year.Despite the top-line beat, adjusted earnings per American Depositary Share (ADS) came in at $2.06, falling short of the analyst consensus of $2.13.Alibaba CEO Eddie Wu said the company drove strong growth by focusing on consumption and AI + Cloud, hitting milestones in quick commerce and boosting engagement across its platforms.Alibaba shares rose 1.5% to trade at $137.01 on Tuesday.These analysts made changes to their price targets on Alibaba following earnings announcement.<ul> <li>B of A Securities analyst Joyce Ju maintained Alibaba with a Buy and raised the price target from $135 to $152.</li> <li>Mizuho analyst Jason Helfstein maintained the stock with an Outperform rating and raised the price target from $149 to $159.</li> <li>Benchmark analyst Fawne Jiang maintained Alibaba with a Buy and raised the price target from $176 to $195.</li> </ul>Considering buying BABA stock? Here’s what analysts think: Read This Next:<ul> <li> Top 2 Consumer Stocks That May Collapse In Q3</li> </ul>Photo via Shutterstock</div></div></div>

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Alibaba Group Holding reported Q1 revenue of $34.57 billion, exceeding estimates but adjusted earnings fell short. Analysts have raised their price targets following the earnings report, with B of A Securities increasing it from $135 to $152, Mizuho from $149 to $159, and Benchmark from $176 to $195. Alibaba shares rose 1.5% to $137.01 after the announcement.

- Alibaba Group Holding BABA reported first-quarter revenue of $34.57 billion, exceeding expectations and marking a 2% year-over-year increase.  
- Adjusted earnings per American Depositary Share (ADS) were $2.06, below the consensus estimate of $2.13, despite strong growth driven by consumption and AI + Cloud initiatives.  
- Following the earnings announcement, several analysts raised their price targets for Alibaba, with B of A Securities increasing it from $135 to $152, and Benchmark raising it from $176 to $195.  

These Analysts Boost Their Forecasts On Alibaba Following Q1 Results