UBS Upgrades JD.com, Inc (JD) to Buy on Better LT Earnings Outlook

February 17, 2020 6:08 AM EST
Get Alerts JD Hot Sheet
Price: $81.42 +0.48%

Rating Summary:
    32 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 13 | New: 72
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UBS analyst Jerry Liu upgraded JD.com, Inc (NASDAQ: JD) from Neutral to Buy with a price target of $52.00 (from $38.00).

The analyst comments "In the near term, COVID-19 outbreak will hurt e-commerce platforms (we lower near term estimates), but JD is relatively better positioned with its direct model (see recent checks inside). More importantly, we assume this is a temporary impact to JD, which investors will look through. Beyond 1H20, we see better revenue growth vs. prior estimates driven by good execution in FMCG and still double digit growth in home appliances and smartphones (5G upgrade cycle is further upside) combined with continued net margin improvement due to scale and cost control. We are ahead of consensus on revenues and net margins from 2H20 onwards, as we have confidence management can execute and deliver steady results going forward, which we believe is not priced into the stock."

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 $41.97 yesterday.



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