Wall street follows Europe lower as attention turns to US CPI data
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 11 2024
0mins
Source: Yahoo Finance
- European and US Stock Markets: European markets started the week in the red, with the FTSE 100 almost flat, while US stocks retreated from previous highs.
- US Consumer Price Index (CPI) Data: Investors are focused on the upcoming US Consumer Price Index report after Federal Reserve chair Jerome Powell's comments on inflation.
- Currys Stock Decline: Currys stock fell over 11% after Elliott declined to make a formal takeover offer, with Chinese conglomerate JD.com having a week to consider an offer.
- Economists' Rate Cut Predictions: A poll shows that economists expect the first Fed rate cut in June, with varying predictions on the extent of rate cuts in 2024.
- Bitcoin and Pound Movements: Bitcoin rallied past $71,200, while the pound wobbled against the dollar.
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 38.83 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
7 Buy
1 Hold
1 Sell
Moderate Buy
Current: 30.000
Low
28.00
Averages
38.83
High
50.50
Current: 30.000
Low
28.00
Averages
38.83
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.
