Macquarie Upgrades JD.com to Outperform, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Ellie Jiang has upgraded JD.com (NASDAQ:JD) from Neutral to Outperform and raised the price target from $26 to $40.
May 17, 2024 | 5:41 pm
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Macquarie analyst Ellie Jiang has upgraded JD.com from Neutral to Outperform and increased the price target from $26 to $40.
The upgrade from Neutral to Outperform and the significant increase in the price target from $26 to $40 by Macquarie is likely to positively impact JD.com's stock price in the short term. Analyst upgrades and higher price targets generally lead to increased investor confidence and buying activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100