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JD (JD) Receives a Buy from Stifel Nicolaus

Stifel Nicolaus analyst Scott Devitt reiterated a Buy rating on JD (JDResearch Report) today and set a price target of $80.00. The company’s shares closed last Thursday at $52.50.

According to TipRanks.com, Devitt is a 5-star analyst with an average return of 13.9% and a 47.6% success rate. Devitt covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Zillow Group Class A, and Uber Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for JD with a $97.14 average price target, which is an 83.2% upside from current levels. In a report issued on March 7, Morgan Stanley also maintained a Buy rating on the stock with a $85.00 price target.

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JD’s market cap is currently $92.2B and has a P/E ratio of 24.71.

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Incorporated in 1998, China-based JD.com is a technology driven e-commerce company and operates through two business segments, JD Mall, and New Businesses. It is the largest retailer in China and provides electronics products and general merchandise products, including audio, video products, and books. JD.com offers its products through its website JD.com and mobile apps, as well as directly to customers.

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