Loop Capital Maintains Hold on JD.com, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Rob Sanderson maintains a 'Hold' rating on JD.com (NASDAQ:JD) and lowers the price target from $42 to $39.
September 06, 2023 | 4:19 pm
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NEGATIVE IMPACT
JD.com's price target has been lowered from $42 to $39 by Loop Capital, while maintaining a 'Hold' rating.
The lowering of the price target by Loop Capital indicates a potential decrease in JD.com's stock price in the short term. The 'Hold' rating suggests that the stock is expected to perform in line with the market or sector in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100