
JD.com (NASDAQ:JD) Given New $27.00 Price Target at Morgan Stanley

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Morgan Stanley has raised its price target for JD.com from $25.00 to $27.00, maintaining an "underweight" rating. This suggests a potential downside of 14.26% from the current price. Other analysts have set varying targets, with an average consensus price of $37.85. JD.com recently reported a quarterly revenue of RMB315.7 billion, a 4.9% year-over-year increase, and returned to net profit, indicating improved profitability in its core retail operations. The stock opened at $31.49, with a market cap of $45.11 billion and a PE ratio of 17.89.
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