JD.Com Inc JD shares are trading higher after Atlantic Equities initiated coverage on the stock with an Overweight rating and announced a $100 price target.
Shares of Chinese companies, including JD.com, were otherwise trading higher last week amid hopes of a regulatory easing in the real estate space. The country has also reportedly urged increased real estate lending.
See Also: Why Rivian Shares Are Trading Lower Today
JD.com is China's second-largest e-commerce company after Alibaba in terms of transaction volume, offering a wide selection of authentic products at competitive prices, with speedy and reliable delivery. The company has built its own nationwide fulfillment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.
JD.com has a 52-week high of $108.29 and a 52-week low of $61.65.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
