Analysts Offer Insights on Technology Companies: Alibaba Group (NYSE: BABA), Intuit (NASDAQ: INTU) and Oi SA (NYSE: OIBRQ)

By Austin Angelo

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Alibaba Group (NYSE: BABA), Intuit (NASDAQ: INTU) and Oi SA (NYSE: OIBRQ).

Alibaba Group (NYSE: BABA)

In a report released today, Youssef Squali from Cantor Fitzgerald reiterated a Buy rating on Alibaba Group (NYSE: BABA), with a price target of $115. The company’s shares closed last Friday at $92.99.

Squali observed:

“32% Y/Y growth in 11/11 GMV, a positive early read on F3Q results. We view this pace of GMV growth on Singles Day as relatively consistent with our expectation for a ~mid-teens growth (FXN) in GMV for the current quarter, with Singles Day representing ~10% of our total quarterly GMV estimate. To put this in perspective, in the Dec. 2015 quarter, Alibaba’s GMV grew 22.5% Y/Y (FXN) with 60% Y/Y (FXN) growth in 11/11 GMV, and accounting for ~10% of the entire quarter’s GMV. It’s worth noting that while the 32% growth this 11/11 is a sharp slowdown from last year’s 60% growth (FXN), Singles Day has become increasingly important for reinforcing the brand and driving consumer engagement vs. simply the dollar contribution to overall GMV and.”

According to TipRanks.com, Squali is a top 25 analyst with an average return of 10.0% and a 64.8% success rate. Squali covers the Technology sector, focusing on stocks such as TripAdvisor Inc., Rubicon Project, and Microsoft Corp.

Currently, the analyst consensus on Alibaba Group is Strong Buy and the average price target is $123.50, representing a 32.8% upside.

In a report issued on November 1, Stifel Nicolaus also maintained a Buy rating on the stock with a $125 price target.
Intuit (NASDAQ: INTU)

Barclays analyst Raimo Lenschow reiterated a Hold rating on Intuit (NASDAQ: INTU) today and set a price target of $116. The company’s shares closed last Friday at $111.38.

Lenschow commented:

“We believe the key areas of investor focus remain QBO subscriber growth, ARPU trends, and attach rates of Payroll and Payments as we’re currently in the off-season. The company continues to deliver positive results and we believe management’s commentary during the recent analyst day reinforces the company’s long-term vision. We are reiterating our EW rating and $116 price target. Solid Setup: From a sequential standpoint, the set up is good, with our revenue estimate implying a flat quarter to quarter, versus last year’s increase of 2% and the three-year average of (1%).”

According to TipRanks.com, Lenschow is a 5-star analyst with an average return of 10.3% and a 65.2% success rate. Lenschow covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Dealertrack Holdings, and Palo Alto Networks.

Currently, the analyst consensus on Intuit is Moderate Buy and the average price target is $120.82, representing an 8.5% upside.

In a report released today, Credit Suisse also reiterated a Hold rating on the stock with a $107 price target.
Oi SA (NYSE: OIBRQ)

Barclays analyst Mathieu Robilliard reiterated a Hold rating on Oi SA (NYSE: OIBRQ) today and set a price target of $0.65. The company’s shares closed last Friday at $0.62.

Robilliard commented:

“We also believe that change is ahead but fear the whole process is unlikely to be finalized before YE 2017. By then, a break-up of Oi may prove to be the best option. We cut estimates and PT (also impacted by the sharp BRL depreciation post Trump election).”

According to TipRanks.com, Robilliard is a 2-star analyst with an average return of 1.2% and a 33.3% success rate. Robilliard covers the Technology sector, focusing on stocks such as Telecom Italia S.P.A., Telefonica Brasil, and Tim Participacoes.

Oi SA has an analyst consensus of Hold.