JD.com's share price surged 47.7% due to China's stimulus measures and strong growth prospects

From Nasdaq: 2024-09-30 12:41:00

Shares of JD.com have surged 47.7% in the past month, outperforming the industry and retail sector. China’s stimulus measures, including interest rate cuts and eased borrowing restrictions for stocks, are boosting JD’s potential upside. The company’s e-commerce strength, strategic partnerships, and retail strategies position it well for future growth. Analysts predict revenue growth of 3.3% and earnings growth of 27.6% in 2024, making JD.com an attractive investment with a Zacks Rank #1 and a Value Score of A.



Read more at Nasdaq: JD.com’s Share Price Increases 47.7% in a Month: Should You Dive in?