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Nomura Sticks to Its Buy Rating for JD.com, Inc. Class A (9618)
Nomura analyst maintained a Buy rating on JD.com, Inc. Class A on May 14 and set a price target of HK$159.90. The company’s shares closed yesterday at HK$130.10.
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Currently, the analyst consensus on JD.com, Inc. Class A is a Strong Buy with an average price target of HK$147.92, representing a 13.70% upside. In a report released on May 13, DBS also maintained a Buy rating on the stock with a HK$141.00 price target.
Based on JD.com, Inc. Class A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$347.09 billion and a GAAP net loss of HK$2.67 billion. In comparison, last year the company earned a revenue of HK$346.99 billion and had a net profit of HK$9.85 billion
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