Alibaba, Hasbro, Shake Shack, Bausch Health And Other Big Stocks Moving Higher On Thursday

Alibaba, Hasbro, Shake Shack, Bausch Health, and other prominent stocks surged on Thursday, driven by strong earnings reports and positive analyst ratings. The market's bullish sentiment, coupled with these companies' robust financial performance, has investors optimistic about their future growth prospects.

Alibaba (BABA) reported earnings of $6.75 per share, beating estimates of $6.45, while revenue of $134.51 billion topped expectations of $133.77 billion. The company's strong performance was attributed to its e-commerce dominance and expansion into new markets. Analysts have a consensus "Strong Buy" rating for BABA, with a mean price target of $114.77, indicating potential upside of 16.24% from the current price.

Hasbro (HAS) reported adjusted earnings per share (EPS) of $1.73, surpassing estimates of $1.31, and revenue of $1.28 billion, slightly missing estimates of $1.30 billion. The company's earnings surprise history is mixed, with three beats and one miss in the last four quarters. Analysts have a consensus "Moderate Buy" rating for HAS, with a mean price target of $76.10, representing a 25.1% premium to the current price.

Shake Shack (SHAK) reported EPS of $0.26, beating estimates of $0.24, and revenue of $328.68 million, missing estimates of $334.29 million. The company's earnings growth prospects are positive, with an expected net sales increase in FY25. Analysts have a consensus "Strong Buy" rating for SHAK, with a mean price target of $123.14, indicating potential upside of 10.8% from the current price.

Bausch Health (BHC) reported adjusted EPS of $0.75, beating estimates of $0.69, and revenue of $2.14 billion, surpassing estimates of $2.09 billion. The company's earnings growth prospects are positive, with an expected EPS increase of 11.3% in 2025. Analysts have a consensus "Strong Buy" rating for BHC, with a mean price target of $31.50, indicating potential upside of 14.2% from the current price.



The strong analyst ratings and price targets for these stocks reflect their potential for future growth and value creation. However, it is essential to consider other factors, such as the companies' financial performance, market conditions, and competitive landscape, when making investment decisions. As the market continues to evolve, investors should stay informed about the latest developments and trends to capitalize on opportunities for growth and value creation.