JD.com price target raised to $26 from $24 at Loop Capital

Loop Capital raised the firm’s price target on JD.com to $26 from $24 and keeps a Hold rating on the shares. The company reported a better than feared Q4 results, though its high-margin marketplace and advertising revenue was meaningfully below expectations, declining by 4% from last year, the analyst tells investors in a research note. Loop adds however that it is maintaining its previous valuation methodology of 5-times earnings plus cash, reflecting a broken-stock valuation amidst challenging macro conditions.