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<Research>JPM Foresees JD.com (JD.US) 1Q Results In Line, Backed by Overall E-commerce Market Growth
JD.com (JD.US) reported solid results for 4Q23, with its share price pulling back recently after a stellar performance in March, JP Morgan said in a report. The broker expected its...
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<Research>JPM Foresees JD.com (JD.US) 1Q Results In Line, Backed by Overall E-commerce Market Growth
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JD.com (JD.US)      reported solid results for 4Q23, with its share price pulling back recently after a stellar performance in March, JP Morgan said in a report. The broker expected its shares to continue to outshine in the near term, on the back of growth in the overall e-commerce market.

The company's 1Q24 results should meet market expectations, which will bolster the stock. However, the broker thought it will be difficult for the company to top 10x PE going forward as its growth outlook remains bleak.

Related NewsUBS' Top Pick in CN E-commerce Sector PDD (PDD.US), Followed by JD.com, Inc. (JD.US)
The broker reiterated Neutral rating on JD.com, with a target price of US$28 for US shares and HK$108 for HK shares.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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