#1 - JD.com (NASDAQ:JD)
JD.com (NASDAQ: JD) - This e-commerce company has had a rough go of it in 2018, and the problem is not spelled Amazon. Like many Chinese stocks, the trade war took its toll, which may or may not has contributed to a significant slowing in its revenue growth rate. But just when the market was digesting those concerns, the company, CEO, Richard Liu, was named in a sexual assault allegation that clearly sent the stock reeling. After hitting a high of $50 per share earlier in the year, the stock is currently stuck in a range and struggling to rise much above $20 per share. That puts it an area that is approximately 0.5x sales. Unless you see the trade war with China remaining unresolved, or there to be a fundamental problem with the company’s model, this seems like a case of a stock that is very undervalued. The company is forecasting revenues to increase by 30% next year. Even if they come in slightly below, there is a good reason to expect its stock price to rise.
About JD.com
JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.
Read More - Current Price
- $32.77
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $35.60 (8.6% Upside)
