Benchmark Maintains Buy on JD.com, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Fawne Jiang maintains a Buy rating on JD.com (NASDAQ:JD) but lowers the price target from $55 to $47.
August 16, 2024 | 11:36 am
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Benchmark analyst Fawne Jiang maintains a Buy rating on JD.com but lowers the price target from $55 to $47.
The Buy rating suggests continued confidence in JD.com's long-term prospects, but the lowered price target indicates some concerns about short-term performance or market conditions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100