JD.com: Strong Financial Performance and Strategic Investments Drive Buy Rating

CMB International Securities analyst Saiyi He maintained a Buy rating on JD (JD – Research Report) today and set a price target of $55.00.

Saiyi He has given his Buy rating due to a combination of factors that highlight JD’s strong financial performance and strategic initiatives. JD.com reported impressive first-quarter results for 2025, with revenue and non-GAAP net profit significantly surpassing both the firm’s and consensus expectations. This growth was largely driven by JD Retail’s better-than-expected revenue growth and gross profit margin expansion, alongside optimized marketing spending.
Furthermore, JD is strategically investing in its food delivery business to enhance user engagement and cross-selling opportunities, which is expected to drive long-term growth. Despite the increased investment in the food delivery sector, the visibility and sustainability of JD Retail’s earnings growth are anticipated to be key drivers for the stock price. Additionally, JD’s commitment to shareholder returns through its share repurchase program further supports the Buy rating.

He covers the Communication Services sector, focusing on stocks such as Baidu, Iqiyi, and Tencent Music Entertainment Group. According to TipRanks, He has an average return of 13.9% and a 62.80% success rate on recommended stocks.

In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $44.00 price target.