Analyst Joyce Ju from Bank of America Securities reiterated a Buy rating on JD (JD – Research Report) and decreased the price target to $44.00 from $48.00.
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Joyce Ju has given her Buy rating due to a combination of factors reflecting JD’s promising growth trajectory. The company has shown strong performance in its core retail segment, with significant acceleration in growth and improvement in margins. This positive momentum is expected to continue throughout 2025, driven by JD Retail’s robust performance.
Additionally, JD’s new food delivery initiative is gaining traction, with daily orders projected to surpass 20 million. This initiative is seen as an integral part of JD’s ecosystem, enhancing user engagement and cross-selling opportunities. Despite the anticipated short-term losses from food delivery investments, the long-term revenue growth potential and improved margins in JD Retail justify the Buy rating. Furthermore, JD’s commitment to capital returns, including share repurchases, and its attractive valuation metrics support the positive outlook.
In another report released yesterday, Jefferies also maintained a Buy rating on the stock with a $66.00 price target.
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