Susquehanna Maintains Neutral on JD.com, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Shyam Patil has maintained a Neutral rating on JD.com (NASDAQ:JD) but has lowered the price target from $38 to $30.
November 20, 2023 | 5:11 pm
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NEGATIVE IMPACT
Susquehanna has maintained a Neutral rating on JD.com but reduced the price target from $38 to $30, indicating a potential downside compared to the previous target.
The reduction in price target by Susquehanna suggests that the analyst sees less upside potential for JD.com's stock price in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100