Barclays Maintains Overweight on JD.com, Raises Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao has maintained an Overweight rating on JD.com (NASDAQ:JD) and increased the price target from $35 to $39.
March 07, 2024 | 4:32 pm
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POSITIVE IMPACT
Barclays has maintained an Overweight rating on JD.com and raised the price target from $35 to $39.
The upgrade in price target by a reputable analyst like Jiong Shao from Barclays indicates a strong bullish sentiment towards JD.com. This is likely to instill confidence among investors, potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100