JD.com (JD, Financial), a leading e-commerce company, has received an updated analyst rating from Benchmark, with analyst Fawne Jiang maintaining a "Buy" rating on the stock.
In addition to maintaining the "Buy" rating, Benchmark has revised the price target for JD.com (JD, Financial) from $53.00 to $47.00. This adjustment represents a decrease of approximately 11.32% in the target price.
The updated price target reflects current market conditions and strategic expectations for JD.com (JD, Financial) as evaluated by the analyst. Investors and market watchers will be keen to see how this adjustment impacts the stock's performance in the coming months.
The price target and rating are in USD, as JD.com (JD, Financial) continues to trade on the NASDAQ exchange.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 36 analysts, the average target price for JD.com Inc (JD, Financial) is $46.80 with a high estimate of $68.17 and a low estimate of $28.02. The average target implies an upside of 39.86% from the current price of $33.46. More detailed estimate data can be found on the JD.com Inc (JD) Forecast page.
Based on the consensus recommendation from 35 brokerage firms, JD.com Inc's (JD, Financial) average brokerage recommendation is currently 1.9, 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 $45.16, suggesting a upside of 34.97% from the current price of $33.46. 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.
