Nomura analyst Jialong Shi maintained a Buy rating on JD.com (JD) today and set a price target of $39. The company’s shares closed last Monday at $30.66.
According to TipRanks.com, Shi is a 4-star analyst with an average return of 12.7% and a 58.7% success rate. Shi covers the Technology sector, focusing on stocks such as NetEase Inc, Baidu Inc, and Momo Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JD.com with a $37.42 average price target, representing a 30.7% upside. In a report issued on August 5, Jefferies also initiated coverage with a Buy rating on the stock with a $36.50 price target.
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The company has a one-year high of $33.60 and a one-year low of $19.21. Currently, JD.com has an average volume of 12.22M.
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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.
