Macquarie Cuts Qudian (NYSE:QD) Price Target to $24.00

Qudian (NYSE:QD) had its price target decreased by Macquarie from $36.00 to $24.00 in a research note issued to investors on Friday, November 24th, MarketBeat reports. Macquarie currently has an outperform rating on the stock.

A number of other analysts have also recently commented on the stock. Stifel Nicolaus reiterated a buy rating and issued a $19.00 target price (down from $35.00) on shares of Qudian in a research note on Thursday, November 23rd. ValuEngine upgraded shares of Qudian from a hold rating to a buy rating in a research note on Monday, November 20th. Needham & Company LLC began coverage on shares of Qudian in a research note on Monday, November 20th. They issued a buy rating and a $30.00 target price for the company. began coverage on shares of Qudian in a report on Wednesday, November 15th. They issued a buy rating and a $35.00 price target for the company. Finally, Citigroup assumed coverage on shares of Qudian in a report on Tuesday, November 14th. They set a buy rating for the company. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $24.50.

Shares of Qudian (QD) opened at $11.85 on Friday. Qudian has a twelve month low of $11.50 and a twelve month high of $35.45.

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Qudian Company Profile

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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