JD.com shares set to rise 6.5% after earnings beat forecasts
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Susquehanna Reiterates Neutral Rating on JD.com, Inc (JD)
August 19, 2024 6:02 AM EDTSusquehanna 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... More
This China stock is 'too cheap to ignore': JPMorgan
August 16, 2024 12:30 PM EDTOne of China's leading e-commerce platforms has caught the attention of JPMorgan analysts, who believe the stock is currently undervalued and poised for a significant rebound.
In their note to clients, JPMorgan upgraded JD.com (NASDAQ: JD) to Overweight and set a new price target of $36 per share (or HK$140) up from $33, indicating more than 30% potential upside for the stock.
The... More
JPMorgan Upgrades JD.com, Inc (JD) to Overweight, 'Too cheap to ignore'
August 16, 2024 8:40 AM EDTJPMorgan 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
JD.com, Inc (JD) PT Lowered to $32 at Bernstein SocGen Group
August 16, 2024 6:00 AM EDTBernstein 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
