Citi opens 30-day catalyst watch on JD stock ahead of potential new buyback plan

Go back to Citi opens 30-day catalyst watch on JD stock ahead of potential new buyback plan

Citi Opens 30-Day Upside Catalyst Watch on JD.com, Inc (JD)

August 22, 2024 7:54 AM EDT

Citi analyst Alicia Yap reiterated a Buy rating and $41.00 price target on JD.com, Inc (NASDAQ: JD).

The analyst comments "Over the past 6-12 months, internet companies have been increasingly accelerating their buyback activities. JD is among the notable ones that have stepped up their buyback pace aggressively. After utilizing US$2.1bn out of its previous... More