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JD.com (NASDAQ 🙂 Chinese e-commerce company (NASDAQ 🙂 received a series of price target improvements after analysts exceeded their earnings and earnings estimates on Street in the third quarter results, which were reported on November 18th. analysts ’expectations given the company’s overall financial weakness? Let’s find out.JD.com, Inc. (JD) China is one of the two largest online B2C retailers in terms of trading volume and revenue. The Beijing-based company ranked 59th on the Fortune Global 500 list released on August 2, 2021, 43 more than last year. In addition, the stock gained 5.6% in price last month to close yesterday’s trading session at $ 87.71. In addition, several analysts raised their price targets on the JD after a better-than-expected third-quarter result on November 18th.
JD’s shares may also have won because the company did not provide guidance on its latest earnings report, while its competitors Alibaba (NYSE 🙂 Group Holding Limited (BABA) provided weaker-than-expected guidance for the 2022 fiscal year.
This month, JD was fined by the State Administration for Regulation of the Chinese Market for “failure to declare illegal implementation of the operating concentration.” In addition, JD warned that slowing consumption could hurt business in the midst of high input costs in the second half of its year. So the short-term outlook looks bleak.
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