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Guotai Haitong Sticks to Its Buy Rating for JD.com, Inc. Class A (9618)

Tipranks - Tipranks - Thu May 21, 7:40PM CDT

In a report released on May 19, from Guotai Haitong maintained a Buy rating on JD.com, Inc. Class A, with a price target of HK$137.28. The company’s shares closed yesterday at HK$125.90.

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JD.com, Inc. Class A has an analyst consensus of Strong Buy, with a price target consensus of HK$148.32, a 17.81% upside from current levels. In a report released on May 19, DBS also maintained a Buy rating on the stock with a HK$141.00 price target.

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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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