Jd stock forecast analysts project JD stock forecast to

Analysts project JD stock forecast to trend upward in H2 2024 if China’s retail sales recovery continues. Consensus price target stands at $36.20, implying a potential 15% upside. Valuation metrics show a P/E ratio of 15.4, attractive compared to peers like PDD and BABA, given JD’s diversified revenue streams. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for JD.com, this is the formula: Benchmark sees strategic value in JD.com’s investments, which aim to drive user growth, create cross-sell opportunities, and modernize supply chains, though it acknowledges uncertainties around long-term return on investment and market share potential. JD stock forecast adjustment by Morgan Stanley raised the price target from $33 to $38 after reviewing the firm’s logistics network utilization rate, which hit a record 95% in April