Is JD.com A Buy?
@koolgal:
🌟🌟🌟JD.com $JD.com(JD)$ $JD-SW(09618)$ surged 10% last Friday after Jefferies increases its price target on JD.com to USD 60 from USD 54. According to Jefferies, JD.com is expected to demonstrate strong execution with solid performance in Q4 24 following the Double 11 shopping festival, a major sales event in China besides being a beneficiary of trade in programs. Strengths in supply chain capabilities and strategies on user growth, price competitiveness and 3rd party ecosystems will pave the way for long term growth. JD.com also known as JingDong has evolved from a pioneering ECommerce platform into a leading te