5 Reasons JD.com Is Still an Undervalued Growth Stock
JD.com's (NASDAQ: JD) stock recently dipped after the Chinese e-commerce giant posted its third-quarter earnings. According to the report, its revenue rose 29% year over year to 174.2 billion yuan ($25.7 billion), beating estimates by $610 million. Its adjusted net income rose 80% to 5.6 billion yuan ($0.8 billion), or $0.50 per ADS, which topped expectations by nine cents.
Those growth rates were impressive, but some investors were likely itching to lock in profits after the stock had rallied about 150% this year. But as someone who stuck with JD over the past two years, I believe this stock remains undervalued relative to its growth, for five simple reasons.
Image source: JD.com.
Source Fool.com
