From Financial Modeling Prep.: 2025-05-14 11:14:00

Wei Fang of Mizuho Securities has set a price target of $48 for JD.com Inc (NASDAQ:JD), predicting a potential upside of 33.15%. The company reported impressive quarterly results, with revenue exceeding 301 billion yuan and a 16% year-over-year growth. JD also saw a significant boost in profitability, with a 43% increase in non-GAAP net income to 12.8 billion yuan. CEO Sandy Xu attributes the success to improving consumer sentiment and enhancements in supply chain and user experience. Despite this, JD’s stock price has slightly decreased to $35.72.



Read more at Financial Modeling Prep.:: JD.com Inc (NASDAQ:JD) Receives Optimistic Price T…