Why JD.com Stock Surged Today
Shares of JD.com (NASDAQ: JD) jumped 10.6% on Tuesday following bullish analyst commentary.
Stifel analyst Scott Devitt raised his rating on JD.com's stock from hold to buy and boosted his price forecast from $84 to $105. His new estimate suggests the Chinese e-commerce leader's shares could rise another 10% from their current price of $95.49.
Analysts see more upside ahead for JD.com's investors. Image source: Getty Images.
Source Fool.com
