JD.com, Inc (JD) PT Lowered to $119 at Macquarie After Earnings

March 12, 2021 4:55 AM EST
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Price: $77.04 -0.58%

Rating Summary:
    34 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 13 | New: 41
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Macquarie analyst Han Joon Kim lowered the price target on JD.com, Inc (NASDAQ: JD) to $119.00 (from $133.00) after 4Q20 results were largely in line but slightly on the soft side.

The analyst reiterated the Outperform rating, stating "Top-line growth continues to exceed 30%, as does user
growth. Management exuded confidence that it has the right supply chain dynamics to win the next leg of online retail growth through its omni-channel solution and did not express the need to engage in a heavy price war in 2021."

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