Alibaba Vs. JD: Which Chinese E-Commerce Stock Is The Better Investment Ahead Of Earnings?
Portfolio Pulse from Surbhi Jain
Alibaba (NYSE:BABA) and JD.com (NASDAQ:JD) are set to report earnings, with Alibaba showing a bullish trend and JD.com facing mixed signals. Analysts are generally bullish on both stocks, but Alibaba has a stronger technical position and higher potential upside.
August 14, 2024 | 3:18 pm
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NEUTRAL IMPACT
JD.com is set to report earnings with an EPS estimate of 83 cents and quarterly revenue of $40.8 billion. Despite a consensus Buy rating and a price target indicating a 60.55% upside, the stock has faced a challenging market and mixed technical signals.
JD.com's mixed technical indicators and challenging market conditions suggest a neutral short-term price impact despite positive earnings expectations and analyst ratings.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Alibaba is expected to report strong earnings with an EPS estimate of $2.11 and annual revenue of $941.2 billion. Analysts are bullish with a consensus rating of Buy and a price target of $118.94, indicating a potential upside of nearly 39%. The stock shows a strong bullish trend, trading above key moving averages.
Alibaba's strong earnings expectations, bullish analyst ratings, and positive technical indicators suggest a likely short-term price increase.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100