Benchmark analyst Fawne Jiang raised the firm's price target on JD.com to $60 from $42 and keeps a Buy rating on the shares following "another solid set of results" in Q4 and guidance for continued double digit revenue growth in Q1. The resilience of JD's operations and supply chain capabilities allowed the company to quickly resume full operations and provide undisrupted services after the Chinese New Year and the company is best positioned among its industry peers amid a logistics disruption, said Jiang, who added that the outbreak should help JD gain better brand recognition.
Susquehanna analyst Shyam Patil lowered the firm's price target on JD.com to $55 from $66 and keeps a Neutral rating on the shares. The analyst continues to like JD's positioning in the large and growing Chinese e-commerce market, and believes its hybrid 1P/3P model is attractive, sees potential for longer-term upside from its advertising and logistics initiatives scaling, and likes the company's ability to successfully incubate new businesses.
Benchmark analyst Fawne Jiang lowered the firm's price target on JD.com to $106 from $117 and keeps a Buy rating on the shares citing a revised sum-of-the-parts valuation that attributes $79 per share in value for JD Retail, $7 per share for JD Health, $4 per share for JD Logistics and $16 in net cash per share. JD delivered "solid" Q1 results, but guided Q2 growth below expectations, noted Jiang, who said the company's fundamentals are intact despite the "short-term setback on COVID."