Goldman Sachs Maintains Buy on JD.com, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Ronald Keung maintains a Buy rating on JD.com, but has lowered the price target from $61 to $53.
October 25, 2023 | 1:43 pm
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Goldman Sachs has maintained a Buy rating on JD.com, but lowered the price target from $61 to $53.
The news is directly related to JD.com as Goldman Sachs has maintained a Buy rating but lowered the price target. This could potentially impact the stock's performance in the short term as investors adjust their expectations based on the new price target. However, the maintained Buy rating indicates that the overall outlook for the company remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100