Qudian’s (QD) Buy Rating Reiterated at Needham & Company LLC
Qudian (NYSE:QD)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a report released on Tuesday. They currently have a $20.00 price objective on the stock, down from their prior price objective of $30.00. Needham & Company LLC’s price objective would indicate a potential upside of 60.64% from the company’s previous close.
QD has been the subject of a number of other reports. Stifel Nicolaus restated a “buy” rating and issued a $19.00 price objective (down from $35.00) on shares of Qudian in a research note on Thursday, November 23rd. Citigroup began coverage on shares of Qudian in a research note on Tuesday, November 14th. They issued a “buy” rating for the company. began coverage on shares of Qudian in a research note on Wednesday, November 15th. They issued a “buy” rating and a $35.00 price objective for the company. Macquarie assumed coverage on shares of Qudian in a research note on Tuesday, November 14th. They issued an “outperform” rating and a $36.00 price objective for the company. Finally, Credit Suisse Group assumed coverage on shares of Qudian in a research report on Monday, November 13th. They set an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.50.
Shares of Qudian (QD) traded down $1.33 during trading on Tuesday, hitting $12.45. 8,635,100 shares of the stock were exchanged, compared to its average volume of 8,600,188. Qudian has a twelve month low of $12.03 and a twelve month high of $35.45.
Qudian Inc provides cash credit products, which provide funds in digital form, and merchandise credit products. The Company operates through an online platform and all the transaction are facilitated through mobile devices. Borrowers can apply for credit on their mobile phones and receive approval within a few seconds.
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