Motley Fool
Why JD.com Stock Was Gaining Today
Shares of JD.com (NASDAQ: JD) were climbing for the second day in a row as analysts responded positively to the company’s third-quarter earnings report yesterday, which sent the stock up 6% Thursday. UBS’s Jerry Liu raised his price target from $95 to $110, touting the company’s unique e-commerce model, including its integrated supply chain, logistics, and direct sales model. Benchmark analyst Fawne Jiang raised her price target on the stock from $102 to $117, and said the company would continue to take market share, adding that its “unique value proposition warrants its outperformance.”
