JD Analysts Raise Price Target, Eye 35% Upside Ahead Of Earnings

Quick Summary:

JD.com Inc (NASDAQ:JD) will be reporting its third-quarter earnings on Thursday.Wall Street expects $1.06 in earnings per share and $37 billion in revenues as the company reports before market hours.The stock is up 40.19% over the past year, 32.72% year-to-date.

Despite China's recent stimulus measures sparking some optimism, Mizuho notes that structural challenges—like high unemployment and real estate woes—continue to weigh on Asia's internet sector.

Ahead of JD's upcoming earnings release, Mizuho has raised its price target on the stock from $35 to $43, maintaining an Outperform rating.

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Article Details

Author / Journalist: Surbhi Jain

Category: Technology

Markets: United StatesChina

Topics: JD Pro Project Stories That Matter Technicals Ecommerce Tech Previews Trading Ideas Expert Ideas Benzinga Topics

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Article Type: News Report

Published On: 2024-11-13 @ 14:44:20 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 404 words

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News ID: 23572147

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