Jd stock forecast remains cautiously optimistic as

JD stock forecast remains cautiously optimistic as recent Q1 2024 earnings beat analyst consensus, with revenue climbing 7.6% YoY to RMB 243 billion. Technical charts show support around $28.50, while RSI indicates neutral momentum. Investors eye sustained e-commerce demand and logistics expansion as key growth drivers. Jian Shi Cortesi, a fund manager at Gam Investment Management told Bloomberg he still sees “significant upside” in Alibaba ( 9988.HK , BABA ). “The sentiment could also be fuelled by the fear of missing out following the strong share price rally.” Stocks slide at the open as US shutdown begins, ADP posts JD stock forecast could see volatility around China’s mid-year macro data release. A stronger-than-expected GDP print above 5% could accelerate tech sector inflows, potentially lifting JD’s market cap by 8–10% from current levels.