Benchmark Maintains Buy on JD.com, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Fawne Jiang has maintained a Buy rating on JD.com (NASDAQ:JD) but has lowered the price target from $67 to $55.
March 07, 2024 | 4:35 pm
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NEUTRAL IMPACT
Benchmark analyst Fawne Jiang maintains a Buy rating on JD.com but lowers the price target from $67 to $55.
The adjustment in price target by Benchmark, while maintaining a Buy rating, suggests a positive outlook on JD.com's fundamentals but acknowledges external or internal factors that might have led to a more conservative valuation. This could lead to a neutral short-term impact on the stock as investors digest the mixed signals of confidence in the company's performance against a lowered expectation for the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100