US Tiger Securities on JD.com, Inc (JD): '2H Recovery Intact'

US Tiger Securities analyst Bo Pei reiterated a Buy rating and $35.00 price target on JD.com, Inc (NASDAQ: JD).

The analyst comments "Overall, while 2Q retail growth should slow due to high base and electronics price hikes, we see these as one-off pressures rather than a deterioration in JD’s core competitiveness. With 2H recovery still intact, higher-margin service revenue growing strongly, and new business losses becoming more manageable, we think the risk/reward should improve after the market digests the near-term 2Q revenue slowdown."

For an analyst ratings summary and ratings history on JD.com, Inc click here. For more ratings news on JD.com, Inc click here.

Shares of JD.com, Inc closed at $30.53 yesterday.

You May Also Be Interested In

• Bending Spoons valuation up to $19 Billion in U.S. IPO - Reuters
• SpaceX signs compute deal with Reflection - CNBC
• Rubio to visit Gulf states amid Iran deal concerns