What To Know About Loop Capital's Downgrade of JD.com

Loop Capital downgraded its rating of JD.com JD to Hold with a price target of $49.00, changing its price target from $82.00 to $49.00.

Shares of JD.com are trading up 0.26% over the last 24 hours, at $44.52 per share.

A move to $49.00 would account for a 10.08% increase from the current share price.

About JD.com

JD.com is China's second-largest e-commerce company after Alibaba in terms of gross merchandise volume, offering a wide selection of authentic products at competitive prices, 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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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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