JD.com (JD): Weak Quarter But Better Than Expected - Piper Jaffray

August 11, 2016 7:15 AM EDT
Get Alerts JD Hot Sheet
Price: $28.18 +2.10%

Rating Summary:
    19 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
Trade JD Now!
Join SI Premium – FREE

Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.

Piper Jaffray analyst, Gene Munster, reiterated his Neutral rating on shares of JD.com, Inc (NASDAQ: JD) after June '16 financial results came in line with Street expectations. September '16 revenue guidance of 59-61B RMB was slightly below the Street at 61.4B RMB, but viewed as positive given investors were bracing for a guide-down.

The company is successfully growing its fast moving goods segment, advertising and financing business. The story continues with healthy GMV growth of 47% compared to 55% in March '16, and appears to be taking pages out of Amazon's U.S. game plan, with a relentless focus on the consumer experience at lower margins than Alibaba, the leader in China ecommerce.

No change to the price target of $27.00

For an analyst ratings summary and ratings history on JD.com, Inc click here. For more ratings news on JD.com, Inc click here.

Shares of JD.com, Inc closed at $23.41 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change

Related Entities

Piper Jaffray, Gene Munster, Earnings

Add Your Comment