Barclays analyst Jiong Shao maintains $JD.com (JD.US)$ with a buy rating, and maintains the target price at $50.
According to TipRanks data, the analyst has a success rate of 49.8% and a total average return of 7.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $JD.com (JD.US)$'s main analysts recently are as follows:
JD.com's revenue growth of 5.1% year-over-year in Q3 was bolstered by a high single-digit percentage rise in total GMV. Contributing factors to this growth include government subsidies along with the company's continuous enhancements in product offerings and customer experiences. These efforts have resulted in a double-digit year-over-year increase in active buyers and order volumes during the Singles Day sales event, which is expected to further propel JDR growth in Q4.
An analyst noted that JD.com reported a profit surpassing expectations, continuing a trend seen in previous quarters. Management expressed a cautious yet optimistic view for the 2025 outlook. The analyst believes that robust new user growth and enhancements in user experience will underpin sustained demand leading into 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
