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Nomura Adjusts JD.com Price Target to $50 From $53, Maintains Buy Rating
Barclays Maintains JD.com(JD.US) With Buy Rating, Maintains Target Price $50
Express News | CICC: Raises jd.com's target price from $28 to $35.
Express News | JD.com Inc : Susquehanna Raises Target Price to $35 From $28
Major Bank Ratings | Bank of China International: Raising the target price for jd.com to $55.2, seeing the lasting impact of government policies on boosting consumer spending.
On November 18, Glonghui reported that Bank of China International indicated that jd.com’s third quarter performance exceeded expectations, with revenue growing by 5.1% year-on-year and net income increasing by 23.9%, surpassing market and the bank's expectations. Stimulated by the trade-in upgrade incentive policy, 3C/appliance consumer spending began to recover from September and continued into October or November. The bank anticipates that after the november 11 shopping festival-related, categories will expand towards non-electric products, facilitating broader scale consumption. The report notes that with revisions in sales and profits for the fiscal years 2024 to 2026, as well as a gradual recovery in housing sales, a lasting impact of government policies on boosting consumer demand is observed. The bank reiterated "
U.S. stock unusual movement: jd.com pre-market rise more than 1%, Q3 net profit exceeds expectations, recommended by CICC.
On November 18, at 11:00 AM, jd.com (JD.US) continued to rise by 1.17% before the market opened, trading at $35.41. CICC issued a report stating that jd.com increased its investment during the promotional period, with third-quarter revenue of 260.4 billion yuan (RMB, the same below), reflecting a 5.1% year-on-year increase, which meets market expectations; the net income under non-GAAP was 13.2 billion yuan, up 24% year-on-year, surpassing market expectations of 16.5%, mainly due to the gross margin exceeding expectations and jd.com logistics profits exceeding expectations. Due to the company's profit improvement exceeding expectations, CICC revised its forecasts for jd.com's non-GAAP net income for 2024 and 2025 upward by 3.5% and 4.4%, respectively.