China's JD.com adds record new users in Q2 amid regulatory tightening

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JD.com, Inc (JD) PT Lowered to $92 at BofA Securities

August 24, 2021 7:58 AM EDT

BofA Securities analyst Eddie Leung lowered the price target on JD.com, Inc (NASDAQ: JD) to $92.00 (from $100.00) while maintaining a Buy rating.

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JD.com (JD) Soars After Adding Record Users in Q2, Goldman's New PT Implies a Near 100% Upside; Cathie Wood Increases its Stake

August 24, 2021 5:36 AM EDT

Shares of JD.com (NASDAQ: JD) are up nearly 9% in pre-open Tuesday after the company reported its financial results for the second quarter.

The company reported better-than-expected results with Q2 EPS coming in at RMB2.90 to top the analyst estimate of RMB2.35. Revenue for the quarter came in at RMB253.8 billion versus the consensus estimate of RMB249.7 billion.

In spite... More