JD.com Stock Has 38% Upside, According to 1 Wall Street Analyst
Despite a recent run-up in price thanks to an encouraging quarterly earnings report, JD.com (NASDAQ: JD) stock is still significantly undervalued. At least, that's the latest take on the company's shares by one analyst tracking the Chinese e-commerce specialist. Let's dig in to find out the reasoning behind this extremely bullish stance.
In reaction to those earnings, prognosticator Charlene Liu made a small change to her price target on JD.com's stock. Granted, it wasn't a major change, but it still implied plenty of upside for the online retailer. Liu added $1 for a new fair value estimate of $39 per share, and maintained her buy recommendation. That $39 is about 38% higher than the stock's price Wednesday.
Source Fool.com
HSBC Holdings plc Stock
€8.34
0.390%
The community is currently still undecided about HSBC Holdings plc with 1 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 8 € is below the current price of 8.34 € for HSBC Holdings plc, so the potential is actually -4.02%.
