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JD.com, Inc. Class A (9618) Gets a Buy from CICC
CICC analyst maintained a Buy rating on JD.com, Inc. Class A on March 6 and set a price target of HK$128.70. The company’s shares closed yesterday at HK$106.60.
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JD.com, Inc. Class A has an analyst consensus of Strong Buy, with a price target consensus of HK$143.93, a 35.02% upside from current levels. In a report released yesterday, 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 September 30, the company reported a quarterly revenue of HK$298.97 billion and a net profit of HK$5.28 billion. In comparison, last year the company earned a revenue of HK$260.39 billion and had a net profit of HK$11.73 billion
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