How Will (NASDAQ:JD) Stock React To New Rating Coverage byMKM Partners?


Why Has MKM Partners Given (NASDAQ:JD) a $38.0 Price Target

New York: (NASDAQ:JD) coverage was initiated with a key ‘Buy’ rating as well as a $38.0 target price per share at MKM Partners. The PT by MKM Partners means upside of 23.22% from the previous stock close.

From a total of 30 analysts covering (NASDAQ:JD) stock, 22 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 73% of the ratings are positive. The highest target price is $47.09 while the lowest target price is $5.72. The mean of all analyst targets is $35.05 with a 15.65% above today’s ($31.7) stock price. was the topic of 10 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. HSBC initiated shares on November 10 with “Buy” rating. TH Capital initiated shares with “Buy” rating and $39 target share price in a report from an August 4. Macquarie Research maintained JD stock in a recent report from August 11 with “Outperform” rating. Finally, TH Capital initiated the stock with “Buy” rating in a report issued on an August 6.

Approximately 2.49 million shares of stock traded hands. JD.Com Inc(ADR) (NASDAQ:JD) has declined 5.89% since May 12, 2015 and is downtrending. It has underperformed by 2.21% the S&P500., Inc. is an online direct sales company. The company has a market cap of $42.64 billion. The Firm engages primarily in the sale of electronics and home appliance products and general merchandise products sourced from manufacturers, distributors and publishers in People’s republic of China (PRC) on the Internet through its Website It currently has negative earnings. It also operates its online marketplace under which third-party sellers sell products on the Company’s Website to customers.

According to Zacks Investment Research, “, Inc. operates as an online direct sales company in China. The Company, through its Website and mobile applications offers a selection of authentic products. It offers computers; mobile handsets and other digital products, home appliances; automobile accessories; clothing and shoes; luxury goods including handbags, watches and jewelry, furniture and household products; cosmetics and other personal care items; food and nutritional supplements; books, e-books, music, movies and other media products; mother and childcare products; toys, sports and fitness equipment; and virtual goods., Inc. is based in Beijing, China.”