FMP
Jul 12, 2024 1:50 PM - Davit Kirakosyan
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Benchmark analysts reaffirmed their Buy rating and set a $55 price target on JD.com (NASDAQ:JD) stock. The analysts noted that JD's Q2/24 Gross Merchandise Volume (GMV) growth is expected to trail behind the broader e-commerce industry, primarily due to weaker performance in the electronics and home appliances sectors, which face tough year-over-year comparisons. Consequently, the revenue growth projection for Q2 has been adjusted down from 6% year-over-year to 1%.
On a positive note, Benchmark highlighted JD's adoption of more rational promotional strategies, which could enhance profitability. This led to an increased adjusted Net Income Margin (NIM) projection of 3.4%, up from the previous 2.9%. Despite the potential for sluggish growth in Q2, the analysts remain optimistic about the second half of 2024, citing a healthy growth trend in active buyers and purchase frequency, alongside a continued recovery in the General Merchandise category.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...