NEW YORK (TheStreet) -- Shares of JD.Com Inc. are up 3.26% to 24.67 today after BNP Paribas initiated coverage on the company with a "buy" rating. The stock has an average rating of "overweight" and an average price target of $32.65. The Chinese online direct sales company is chipping away at Alibaba Group Holding Ltd's market share, using an Amazon.com-like model where it builds its own warehouses and handles logistics, according to Reuters. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. "JD.com's efforts to compete with Alibaba through a vertically integrated approach remind us a bit of the eBay-Amazon battle," RBC Capital Market's Mark Mahaney wrote in a note. JD data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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