JD.com (NASDAQ:JD)

JD.com is a lesser-known Chinese e-tailer that’s stumbled since peaking in 2021. Though gains posted in recent weeks are encouraging, it’s unclear as to how much of the headwinds are baked in. The stock trades at around 0.7 times sales and 16 times cash flow. Indeed, JD is a tricky name to value when the tides turn against it.

With China scrapping its zero-COVID policy, a wave of new COVID-19 cases could hinder a recovery over the coming weeks and months. Beyond that, the Chinese consumer may have the ability to sustainably recover.

Undoubtedly, dark times will precede any better days. Regardless, JD is one of the e-commerce companies that could be well-positioned to come roaring back in the second half.

For now, investing in Chinese stock continues to be a risky proposition. Regardless, Wall Street maintains a “Strong Buy” consensus rating on JD.

What is the Price Target for JD Stock?

Wall Street sports 14 Buys out of 15 ratings. The average JD stock price target of $81.25 implies 27.75% upside potential from here.