Susquehanna Reiterates Neutral Rating on JD.com, Inc (JD)

Susquehanna analyst Shyam Patil reiterated a Neutral rating and $28.00 price target on JD.com, Inc (NASDAQ: JD).

The analyst comments "Our thoughts. JD saw some top-line challenges, but profitability came in better and management expects healthy y/y profit growth in FY24 while it continues to invest in key initiatives. While we view JD as solidly positioned in the large Chinese e-commerce market, macro uncertainty is likely to persist in the near term. As a result, we maintain our Neutral rating."

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 $29.29 yesterday.

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