Analyst Joyce Ju of Bank of America Securities maintained a Buy rating on JD (JD – Research Report), retaining the price target of $44.00.
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Joyce Ju has given her Buy rating due to a combination of factors that highlight JD.com’s strategic growth and financial strength. One of the primary reasons is the robust expansion in JD’s food delivery services, which have seen significant user and order growth, achieving milestones such as 25 million daily orders and 1.5 million restaurant merchants. This segment is expected to enhance user engagement and drive higher monetization, despite short-term margin impacts.
Additionally, JD’s core retail business continues to show solid momentum, particularly in electronics and home appliances, benefiting from trade-in subsidies. The company also demonstrates a strong commitment to capital returns, having completed a substantial share repurchase and dividend distribution. These factors, combined with potential synergies in last-mile fulfillment and supply chain integration, underpin the positive outlook for JD’s stock.
According to TipRanks, Ju is a 4-star analyst with an average return of 8.4% and a 51.95% success rate. Ju covers the Consumer Cyclical sector, focusing on stocks such as JD, Alibaba, and PDD Holdings.