Goldman Sachs Reinstates Buy on JD.com, Announces $37 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Ronald Keung reinstates JD.com (NASDAQ:JD) with a Buy rating and sets a $37 price target.
April 25, 2024 | 5:20 pm
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Goldman Sachs analyst Ronald Keung reinstates JD.com with a Buy rating and a $37 price target.
The reinstatement of a Buy rating by a prominent analyst from Goldman Sachs, coupled with a specific price target, typically signals a positive outlook on the stock's future performance. This endorsement can lead to increased investor confidence and potential upward movement in JD.com's stock price in the short term.
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