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

Tipranks - Tipranks - Wed Mar 25, 7:36PM CDT

In a report released on March 23, from Goldman Sachs maintained a Buy rating on JD.com, Inc. Class A, with a price target of HK$169.00. The company’s shares closed yesterday at HK$105.10.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for JD.com, Inc. Class A with a HK$143.08 average price target, which is a 36.14% upside from current levels. In a report released on March 9, 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 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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