KeyBanc Reiterates a Buy Rating on JD.com

By Austin Angelo

In a report released yesterday, Hans Chung from KeyBanc reiterated a Buy rating on JD.com (NASDAQ: JD), with a price target of $51. The company’s shares closed yesterday at $41.34.

According to TipRanks.com, Chung is a 2-star analyst with an average return of 2.5% and a 64.3% success rate. Chung covers the Services sector, focusing on stocks such as TripAdvisor Inc, Alibaba Group, and Ctripcom.

Currently, the analyst consensus on JD.com is Strong Buy and the average price target is $48.64, representing a 17.7% upside.

In a report issued on October 30, UBS also upgraded the stock to Buy with a $48 price target.

The company has a one-year high of $48.99 and a one-year low of $23.38. Currently, JD.com has an average volume of 15.8M.

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JD.com, Inc. engages in the sale of electronics products and general merchandise products, including audio, video products. and books. It also offers online sales of home appliances, digital communications, computers, home merchandise, apparel, baby book, food, and others.