In a report released yesterday, John Blackledge from Cowen & Co. reiterated a Hold rating on JD.com (NASDAQ: JD), with a price target of $34. The company’s shares closed yesterday at $32.22, close to its 52-week low of $31.07.
According to TipRanks.com, Blackledge is a 5-star analyst with an average return of 18.6% and a 71.0% success rate. Blackledge covers the Services sector, focusing on stocks such as Pandora Media, Wayfair Inc, and Netflix.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for JD.com with a $45.33 average price target.
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JD.com’s market cap is currently $38.77B and has a P/E ratio of 251.13. The company has a Price to Book ratio of 5.75.
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JD.com, Inc. is a technology driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. The company operates through the following business segments: JD Mall, and New Businesses. The JD Mall segment represents its core e-commerce business.
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