JP Morgan Maintains Neutral on JD.com, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andre Chang has maintained a Neutral rating on JD.com (NASDAQ:JD) and increased the price target from $25 to $28.

March 07, 2024 | 4:44 pm
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JP Morgan has maintained a Neutral rating on JD.com and raised the price target from $25 to $28.
The increase in price target by JP Morgan suggests a positive outlook on JD.com's future performance, potentially leading to a short-term increase in stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100