BofA raised the firm’s price target on JD.com (JD) to $37 from $35 and keeps a Buy rating on the shares after the company reported “strong” Q1 results, driven by broad-based momentum in JD Retail. The firm has “high confidence” in double digits earnings growth, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JD:
- Alibaba, Tencent cleared to buy Nvidia’s H200 chips, Reuters reports
- JD.com price target raised to $43 from $41 at Barclays
- JD.com price target raised to $42 from $38 at Benchmark
- JD.com price target raised to $40 from $36 at Bernstein
- BofA’s Joyce Ju Reiterates Buy on JD.com After Earnings Beat and Margin Expansion Support Bullish Outlook