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UBS Remains a Buy on JD.com, Inc. Class A (9618)

Tipranks - Tipranks - Sat May 30, 8:12PM CDT

In a report released on May 27, from UBS maintained a Buy rating on JD.com, Inc. Class A, with a price target of HK$187.20. The company’s shares closed yesterday at HK$116.30.

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JD.com, Inc. Class A has an analyst consensus of Strong Buy, with a price target consensus of HK$147.96, representing a 27.22% upside. In a report released on May 20, CGS International also reiterated a Buy rating on the stock with a HK$140.00 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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