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<Research>Nomura Lifts JD.com (JD.US) TP to US$53; 3Q Earnings Expected to Beat
Recommend 9 Positive 14 Negative 3 |
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Nomura has released a report predicting that JD.com (JD.US) will meet market forecasts for 3Q revenue, while its earnings will be stronger than expected. Its consolidated revenue may grow by 5% YoY, and non-GAAP EPS may increase by 14%, surpassing the latest market consensus by 3%. The broker estimated JD Retail's revenue to hike 5% YoY, with its non-GAAP operating margin likely to stabilize at 5.2%. The broker raised its TP for JD.com (JD.US) from US$38 to US$53 with a Buy rating. AAStocks Financial News |
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