Loop Capital Maintains Hold on JD.com, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Rob Sanderson maintains a Hold rating on JD.com (NASDAQ:JD) and raises the price target from $26 to $35.
May 13, 2024 | 5:14 pm
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Loop Capital has maintained its Hold rating on JD.com but increased the price target from $26 to $35, indicating a positive outlook on the company's valuation.
The increase in price target by Loop Capital suggests a more optimistic valuation of JD.com, likely due to improved business prospects or financial performance. This adjustment can positively influence investor sentiment and potentially lead to a short-term increase in stock price, given the higher valuation target.
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