Barclays says JD.com (JD) reported solid Q3 results and management expressed optimism regarding the outlook. The post-earnings selloff is unwarranted, especially when the company has repurchased over 8% of its shares year-to-date, the analyst tells investors in a research note. The firm likes JD’s reacceleration in revenue growth, improving monthly trends in Q3, better than expected gross margins and operating margins, and continued focus on shareholder return. It reiterates an Overweight rating on the shares with a $50 price target
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JD: