Stifel Nicolaus Reaffirms Buy Rating for Qudian Inc. Sponsored ADR (QD)

Qudian Inc. Sponsored ADR (NYSE:QD)‘s stock had its “buy” rating reaffirmed by Stifel Nicolaus in a report issued on Thursday. They presently have a $19.00 price objective on the stock, down from their previous price objective of $35.00. Stifel Nicolaus’ target price would indicate a potential upside of 55.48% from the company’s current price.

Several other equities research analysts have also recently issued reports on QD. Sanford C. Bernstein initiated coverage on Qudian in a report on Thursday, October 19th. They issued an “outperform” rating on the stock. Credit Suisse Group initiated coverage on Qudian in a report on Monday, November 13th. They issued an “outperform” rating on the stock. Macquarie initiated coverage on Qudian in a report on Tuesday, November 14th. They issued an “outperform” rating and a $36.00 target price on the stock. Citigroup Inc. initiated coverage on Qudian in a report on Tuesday, November 14th. They issued a “buy” rating on the stock. Finally, initiated coverage on Qudian in a report on Wednesday, November 15th. They issued a “buy” rating and a $35.00 target price on the stock. Eight equities research analysts have rated the stock with a buy rating, Qudian presently has a consensus rating of “Buy” and a consensus price target of $31.00.

Shares of Qudian (NYSE:QD) opened at $12.22 on Thursday. Qudian has a twelve month low of $12.03 and a twelve month high of $35.45.

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About Qudian

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.

Analyst Recommendations for Qudian (NYSE:QD)

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