JD sports shares soar on strong Q2 sales growth By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
Strong Sales Growth: JD Sports reported an 8.3% organic sales growth and a 2.4% like-for-like sales increase for Q2, with notable performance in North America and Europe, leading to a 5% rise in share price.
Cautious Outlook: Despite the positive results and ongoing global expansion, JD Sports remains cautious about future performance due to macroeconomic volatility, while maintaining its full-year profit guidance.
Analyst Views on JD
Wall Street analysts forecast JD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JD is 40.61 USD with a low forecast of 28.00 USD and a high forecast of 50.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
0 Hold
1 Sell
Strong Buy
Current: 29.410
Low
28.00
Averages
40.61
High
50.50
Current: 29.410
Low
28.00
Averages
40.61
High
50.50
About JD
JD.Com Inc is a company principally engaged in the e-commerce business, including online retail and online marketplace mainly through its retail mobile apps and www.jd.com website (collectively, JD Platform). The Company operates its businesses through four segments. JD Retail segment, including JD Health, JD Industrials, and other components, mainly engage in online retail, online marketplace and marketing services in China. JD Logistics segment includes both internal and external logistics businesses. Dada segment is a local on-demand delivery and retail platform in China. New Businesses segment mainly include JD Property, Jingxi and overseas businesses. The Company mainly conducts its businesses in the domestic market and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
