China e-commerce group JD.com beats profit forecasts in second quarter
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August 16, 2024 8:40 AM EDT
JPMorgan analyst Andre Chang upgraded JD.com, Inc (NASDAQ: JD) from Neutral to Overweight with a price target of $36.00 (from $33.00).
The analyst comments "We believe JDs strategy adjustment and valuation have reached an inflection point for the stock to outperform in the next 6-12 months, leading us to upgrade it to OW with a new Jun-25 PT of US$36 on 8x 2025E P/E, suggesting 30%+ potential upside. Upside catalysts will... More
August 16, 2024 6:00 AM EDT
Bernstein SocGen Group analyst Robin Zhu lowered the price target on JD.com, Inc (NASDAQ: JD) to $32.00 (from $35.00) while maintaining a Market Perform rating.
The analyst comments "Q2 core profits a small beat. JDs Q2 results showed revenue (RMB291bn, +1.2% year on... More
August 15, 2024 4:01 PM EDT
Jefferies analyst Thomas Chong raised the price target on JD.com, Inc (NASDAQ: JD) to $43.00 (from $41.00) while maintaining a Buy rating.
The analyst comments "JD reported 2Q results with revenue coming inline and non-GAAP earnings exceeding expectations. During conference call, management highlighted solid... More
August 15, 2024 7:06 AM EDT
Citi analyst Alicia Yap reiterated a Buy rating and $42.00 price target on JD.com, Inc (NASDAQ: JD).
The analyst comments "2Q24 total revenues of Rmb291.4bn, +1.2% yoy, slightly beat our/consensus estimates of Rmb290.3bn/Rmb290.5bn by 0.4%/0.3%. Non-GAAP NP reached Rmb14.5bn (5.0%... More
August 15, 2024 6:23 AM EDT
Shares in JD.com (NASDAQ: JD) rose more than 3% in premarket trading Thursday after the Chinese e-commerce firm reported better-than-expected earnings for the fiscal Q2 2024.
Earnings per share (EPS) for the quarter came in at RMB9.36, surpassing analyst expectations of RMB6.24. Revenue... More
