Mizuho analyst James Lee raised the firm’s price target on JD.com to $85 from $82 and keeps a Buy rating on the shares. The analyst maintains JD as a top China Internet pick. The firm likes the setup into 2023 :with continual recovery, superior performance and fulfillment underpinned by vertical logistics integration, and further margin expansion."
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on JD:
- Retailers Offering Discounts on Apple iPhones in China
- JD.com pulls plug on Thailand, Indonesian platforms, SCMP reports
- Dada Nexus, JD.com announce results from JD Shop Now Spring Festival
- JD Falls after Shutting Down Operations in Indonesia and Thailand
- Website Traffic Bodes Well for These 2 ‘Strong Buy’ Stocks — Check Them Out Before Their Earnings