JD's Continued Strength Earns It A Strong Buy From Vetr Crowd

The Vetr crowd on Wednesday upgraded its rating for JD.Com Inc(ADR) JD from 2.5 stars (Sell), issued two days ago, to 5 stars (Strong Buy). Crowd sentiment at the time of the upgrade was split, with 50 percent of Vetr user ratings bullish.

Shares in the Chinese online direct sales company have been on a fairly consistent uptrend in 2017, gaining over 30 percent year-to-date. The stock dipped slightly in mid-March after unconfirmed rumors materialized that JD was considering acquiring health goods supplier GNC Holdings Inc GNC.

JD's strong performance this year has earned it a few nods from analysts as well. In early March, Bank of America upgraded the stock from Neutral to Buy; on April 18, Benchmark initiated coverage of the stock at Buy.

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Currently, the Vetr crowd's average target price for JD.com is up at $40, which is above the average analyst target price of $32.28. Less than 2 percent of Vetr users are holding JD in their watch-lists.