https://www.tipranks.com/news/the-fly/jd-com-price-target-raised-to-43-from-35-at-mizuho
Mizuho raised the price target for JD.com (JD) to $43 from $35 and maintains a Perform rating on the stock. While stimulus policies are driving excitement in China, fundamental internet infrastructure in Asia continues to be weak and uncertain, and Mizuho is waiting for improvements in structural issues such as unemployment and real estate, the analyst tells investors in a research note. The company says the potential for higher tariffs “casts doubt.” Despite a mixed outlook, it remains positive about outbound travel demand in China and continues to recommend Trip.com (TCOM) as a favorite. Mizuho also sees an increase in the use of online services and additional demand from Chinese travelers driving growth in ride-sharing and food delivery. With that in mind, it continues to recommend Grab Holdings (GRAB) as a top pick.
First published on TheFly – a leading source for up-to-date, market-moving financial news. Try Now>>
Look for Hot Stocks from Insiders on TipRanks >>
More about JD: