Barclays Maintains Overweight on JD.com, Raises Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Gregory Zhao maintains an Overweight rating on JD.com (NASDAQ:JD) and raises the price target from $39 to $41.
May 17, 2024 | 5:29 pm
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Barclays analyst Gregory Zhao has maintained an Overweight rating on JD.com and increased the price target from $39 to $41, indicating a positive outlook for the stock.
The increase in the price target from $39 to $41 by Barclays suggests a positive outlook for JD.com. The Overweight rating indicates that the analyst expects the stock to outperform the market. This is likely to have a positive short-term impact on JD.com's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100