Moving average convergence divergence (MACD) analysis on JD stock forecast charts shows a positive histogram shift since mid-May, typically signaling an emerging bullish phase. For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. But as Peter Lynch said in One Up On Wall Street , 'Long shots almost never pay off.' While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away. Investing.com - Benchmark lowered its price target on JD.com, Inc (NASDAQ: JD ) to $47.00 from $53.00 on Monday, while maintaining a Buy rating on the Chinese e-commerce giant. Trading at a P/E ratio of 8.06, JD.com appears undervalued according to InvestingPro analysis, which offers 12 additional key insights about the company’s valuation and prospects. 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.
