JD.com (JD) Receives a Buy from Stifel Nicolaus


In a report released today, Scott Devitt from Stifel Nicolaus maintained a Buy rating on JD.com (NASDAQ: JD), with a price target of $48. The company’s shares closed yesterday at $31.97, close to its 52-week low of $31.18.

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 23.8% and a 71.1% success rate. Devitt covers the Technology sector, focusing on stocks such as Paypal Holdings, Alphabet Inc, and Mercadolibre.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for JD.com with a $48.75 average price target, a 52.5% upside from current levels. In a report issued on August 14, MKM Partners also maintained a Buy rating on the stock with a $51 price target.

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JD.com’s market cap is currently $38.47B and has a P/E ratio of 249.18. The company has a Price to Book ratio of 5.71.

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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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