Goldman Sachs Maintains Buy Rating for JD.com: Here's What You Need To Know

Goldman Sachs has decided to maintain its Buy rating of JD.com JD and lower its price target from $61.00 to $53.00.

Shares of JD.com are trading down 1.66% over the last 24 hours, at $24.83 per share.

A move to $53.00 would account for a 113.45% increase from the current share price.

About JD.com

JD.com is a leading e-commerce platform with its 2022 China GMV being similar to Pinduoduo (GMV not reported), on our estimate, but still lower than Alibaba. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.