Bank of America has revised its price target for JD.com (JD, Financial), lowering it from $51 to $48, although the firm maintains its Buy rating on the stock. The adjustment comes in anticipation of JD.com's upcoming first-quarter earnings report, expected in mid-May.
Analysts at BofA project a 12% year-over-year increase in total revenue for JD.com in the first quarter. Looking further ahead, the firm forecasts that by 2025, JD.com will see its revenue grow by 9.6% annually, with non-GAAP net profit expected to rise by 8% each year.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 37 analysts, the average target price for JD.com Inc (JD, Financial) is $53.50 with a high estimate of $67.78 and a low estimate of $39.11. The average target implies an upside of 42.89% from the current price of $37.44. More detailed estimate data can be found on the JD.com Inc (JD) Forecast page.
Based on the consensus recommendation from 38 brokerage firms, JD.com Inc's (JD, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for JD.com Inc (JD, Financial) in one year is $43.60, suggesting a upside of 16.45% from the current price of $37.44. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the JD.com Inc (JD) Summary page.
