Jd stock forecast probability models estimate a 65%

JD stock forecast probability models estimate a 65% chance of a breakout above $35 next quarter, provided consumer confidence index readings remain above Tesla's huge Q3 follows similarly strong EV sales results from GM ( GM ), Ford ( F ), and Rivian . Buyers likely pulled forward EV sales after the Republican-led US government phased out the federal $7,500 (£5,570) EV tax credit. The quarter marked a sharp rebound in free cash flow, with JD posting $3.1 billion compared to negative flows in Q1. Sequentially, this represented a $6.1 billion swing, underscoring the company’s ability to stabilize liquidity even while investing in new verticals such as JD Food Delivery. Over the long term, JD’s consistent cash generation opens the door to stock buybacks and higher dividends, complementing the current 3% yield. Analysts expect management may lean more heavily on shareholder returns as cash balances exceed $13 billion against just $7 billion in debt, giving JD a strong balance sheet with net cash of roughly $6 billion and an enterprise value of only $40 billion. Short interest in JD stock forecast fell 12% in May, indicating reduced bearish bets and a possible sentiment shift toward long positions ahead of Q2 2024 earnings.