JP Morgan Maintains Overweight on JD.com, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andre Chang maintains an Overweight rating on JD.com and raises the price target from $40 to $50.
October 16, 2024 | 4:16 pm
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JP Morgan analyst Andre Chang has maintained an Overweight rating on JD.com and increased the price target from $40 to $50, indicating a positive outlook on the stock.
The increase in price target from $40 to $50 by a reputable analyst at JP Morgan suggests a positive outlook for JD.com, likely leading to a short-term increase in stock price as investors react to the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100