JD.com Stock Has 38% Upside, According to 1 Wall Street Analyst
JD(JD) The Motley Fool·2024-03-13 18:06
Despite a recent run-up in price thanks to an encouraging quarterly earnings report, JD.com (JD 3.58%) stock is still significantly undervalued. At least, that's the latest take on the company's shares by one analyst tracking the Chinese e-commerce specialist. Let's dig in to find out the reasoning behind this extremely bullish stance.Price target bump followed pleasing fourth-quarter resultsIn reaction to those earnings, HSBC prognosticator Charlene Liu made a small change to her price target on JD.com's s ...