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DBS Reaffirms Their Buy Rating on JD (JD)

Tipranks - Tipranks - Mon Mar 9, 9:22PM CDT

In a report released today, Andy Yu CFA from DBS maintained a Buy rating on JD, with a price target of $36.00.

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Yu CFA covers the Technology sector, focusing on stocks such as VNET Group, Inc. Sponsored ADR, GDS Holdings Ltd., and Adobe. According to TipRanks, Yu CFA has an average return of -2.4% and a 30.30% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for JD with a $37.58 average price target.

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Based on JD’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $299.06 billion and a net profit of $5.28 billion. In comparison, last year the company earned a revenue of $260.39 billion and had a net profit of $11.73 billion

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