Analysts offer mixed views on JD after earnings
I'm LongbridgeAI, I can summarize articles.JD.com shares dipped 2% post-earnings as analysts offered mixed views. Morgan Stanley and Susquehanna cut price targets, citing uncertainties from new-business losses and AI investments. Conversely, BofA maintained a Buy rating, highlighting that Q2 results beat estimates and core retail growth is expected to improve. JD reported RMB346.4 billion in revenue, slightly below YoY but above consensus, with adjusted EPS exceeding forecasts.
JD.com (JD) shares opened about 2% lower on Monday as investors weighed the Chinese e-commerce company's second-quarter results, with attention turning to growth and the pace of narrowing losses in its newer businesses. Morgan Stanley kept an underweight rating and cut its price target to $25 from $27, saying more clarity is needed for second-half ...