JPMorgan says this Michael Burry stock is ‘too cheap to ignore'
JDJD(JD) Finbold·2024-08-16 22:40

Apart from being one of the favorite picks of legendary investor Michael Burry, e-commerce giant JD.com (NASDAQ: JD) delivered strong Q2 earnings on August 15, prompting positive reactions from analysts, with JPMorgan analyst Andre Chang calling it “too cheap to ignore.”In an analysis released on June 16, Chang upgraded JD stock to an “overweight” rating, raising its price target from $33 to $36; the analyst believes JD’s recent strategy adjustments and low valuation make it likely to outperform in the next ...