NEW YORK (TheStreet) -- Shares of JD.Com (JD) are higher by 1.56% to $25.39 in midday trading on Tuesday, after analysts at Deutsche Bank upped its price target on the Chinese e-commerce company to $27.40 from $26.60, and reiterated its "hold" rating.
Analysts at the firm cited the company's solid guidance for its fourth quarter, after the company issued its revenue guidance to between $5.33 billion and $5.5 billion.
Deutsche Bank added that despite JD.com's strong outlook, the firm remains cautious on fourth quarter margins due to rising competition, as well as peer pressure on fulfillment costs, and deeper discounts during the peak season.
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JD.com offers online and in-person payment options, and operates 82 warehouses in 34 cities with 1,485 delivery stations and 212 pickup stations.