Bank of America raises JD.com price target from $38.00 to $43.00 and assigns a buy rating.
Bank of America increased its price target for JD.com (NASDAQ: JD) from $38.00 to $43.00, assigning a buy rating to the information services provider. JD.com reported earnings of $5.30 per share (EPS) for the quarter, surpassing the consensus estimate of $0.56 by $4.74, and had revenue of $306.08 billion, up 3.6% compared to the same quarter last year. The average rating for JD.com is currently a moderate buy with a consensus price target of $37.47.
May 21, 2024
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