---
title: "JP Morgan: Raises JD.com H-share target price to HKD 155, reiterates \"Overweight\" rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/215252874.md"
description: "JPMorgan Chase raised JD.com's H-share target price to HKD 155 and reiterated its \"overweight\" rating. The report pointed out that JD.com's H-share and US ADR stock prices have rebounded by 24% and 27% respectively since Walmart sold its stake, outperforming its peers. Profit-taking is expected in the short term, but revenue is expected to improve in the third and fourth quarters, maintaining an optimistic outlook"
datetime: "2024-09-26T03:58:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/215252874.md)
  - [en](https://longbridge.com/en/news/215252874.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/215252874.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/215252874.md) | [繁體中文](https://longbridge.com/zh-HK/news/215252874.md)


# JP Morgan: Raises JD.com H-share target price to HKD 155, reiterates "Overweight" rating

JP Morgan released a report stating that since Walmart sold its stake at the end of August, JD.com's H shares and ADR shares have rebounded by 24% and 27% respectively, outperforming the KraneShares CSI China Internet ETF and major e-commerce peers during the same period. This is mainly attributed to positive news about the home appliance trade-in policy and undervaluation. The bank expects JD.com to see profit-taking in the short term, but does not believe that outperforming the market has ended, as it expects its revenue to improve to single-digit growth on a year-on-year basis in the third and fourth quarters. The bank reiterated its "overweight" rating and raised the target prices for JD.com's ADR shares and H shares from $36 and HK$140 to $40 and HK$155 respectively

### Related Stocks

- [JD-SWR (89618.HK)](https://longbridge.com/en/quote/89618.HK.md)
- [JD.com, Inc. (JD.US)](https://longbridge.com/en/quote/JD.US.md)
- [JD-SW (09618.HK)](https://longbridge.com/en/quote/09618.HK.md)

## Related News & Research

- [JD.com Plans Offshore CNY Bond Offering to Refinance Debt](https://longbridge.com/en/news/281116889.md)
- [Huatai Securities Reaffirms Their Buy Rating on BOC Hong Kong (Holdings) (BNKHF)](https://longbridge.com/en/news/281318016.md)
- [Gold Hunter shifts from quiet buildup to fully funded drilling push at Newfoundland gold district](https://longbridge.com/en/news/281261616.md)
- [Xpeng Mar deliveries rebound sequentially despite year-on-year decline](https://longbridge.com/en/news/281331957.md)
- [The Tesla Model S And Model X Are Officially Dead](https://longbridge.com/en/news/281317969.md)