JD.com's Recent Share Price Weakness Likely Buying Opportunity -- Market Talk

Dow Jones11-15 12:13

0413 GMT - JD.com's recent share price weakness is due to profit-taking and likely to be an enhanced buying opportunity, Citi analysts say, citing reasonable valuation and solid execution. The Chinese e-commerce company's 3Q profit beat is stronger than expected, they add. JD.com has been able to capture growing demand on appliance trade-in initiatives and remains confident in achieving double-digit profit growth for the full-year 2024, Citi points out, citing management's remarks. The analysts maintain a buy rating, and trims its target price for ADRs to US$51.00 from $52.00, which last traded at US$33.35. Its Hong Kong-listed shares are 1.4% lower at HK$133.20. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

November 14, 2024 23:13 ET (04:13 GMT)

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The analysts maintain a buy rating, and trims its target price for ADRs to US$51.00 from $52.00, which last traded at US$33.35. Its Hong Kong-listed shares are 1.4% lower at HK$133.20. 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The Chinese...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4558","symbol_name":"双十一","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483391652","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483391652","pubTimestamp":1731643980,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0413 GMT - JD.com's recent share price weakness is due to profit-taking and likely to be an enhanced buying opportunity, Citi analysts say, citing reasonable valuation and solid execution. 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