Asian stocks rise tracking Wall St rally as recession fears ease

Susquehanna Reiterates Neutral Rating on JD.com, Inc (JD)

Susquehanna 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

Alibaba (BABA) PT Lowered to $130 at Susquehanna

Susquehanna analyst Shyam Patil lowered the price target on Alibaba (NYSE: BABA) to $130.00 (from $135.00) while maintaining a Positive rating.

The analyst comments "Our thoughts. Despite the choppy China macro, BABA continues to make progress on strategic initiatives such as AI, and while the... More

This China stock is 'too cheap to ignore': JPMorgan

One 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'

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

JD.com, Inc (JD) PT Lowered to $32 at Bernstein SocGen Group

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

Alibaba (BABA) PT Raised to $85 at Bernstein SocGen Group

Bernstein SocGen Group analyst Robin Zhu raised the price target on Alibaba (NYSE: BABA) to $85.00 (from $80.00) while maintaining a Market Perform rating.

The analyst comments "Q1 a mixed bag. Alibaba group revenue of RMB243bn missed consensus by 2.6% (RMB250bn), although gross... More