JD.com Announces Third Quarter 2024 Results

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Go back to JD.com Announces Third Quarter 2024 Results

Barclays says it's time to stock up on these shares after 'unwarranted' selloff

November 18, 2024 2:00 PM EST

Barclays said in a note Monday that investors should consider JD.com (NASDAQ: JD) shares, citing a sharp, "unwarranted" selloff despite the companys strong third-quarter performance.

The bank reiterated its Overweight rating and $50 price target on the stock, highlighting that JD.com offers significant value for long-term investors.

JD.com reported a 6.1% year-over-year growth in retail revenue for Q3, a marked acceleration from... More