Barclays Keeps Their Buy Rating on JD (JD)
Barclays analyst Jiong Shao reiterated a Buy rating on JD (JD – Research Report) today and set a price target of $55.00. The company's shares closed yesterday at $38.18.
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According to TipRanks, Shao is a 4-star analyst with an average return of 7.2% and a 49.00% success rate. Shao covers the Consumer Cyclical sector, focusing on stocks such as JD, BYD Co, and Alibaba.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for JD with a $53.50 average price target, which is a 40.13% upside from current levels. In a report released on April 11, Benchmark Co. also maintained a Buy rating on the stock with a $58.00 price target.
Based on JD's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $346.99 billion and a net profit of $9.85 billion. In comparison, last year the company earned a revenue of $306.08 billion and had a net profit of $3.39 billion
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