Bank of America Securities analyst Joyce Ju has reiterated their bullish stance on JD stock, giving a Buy rating today.
Joyce Ju has given her Buy rating due to a combination of factors that highlight JD’s strong financial performance and strategic initiatives. JD concluded 2024 with impressive revenue and profit growth, driven by significant increases in electronics and appliances sales, as well as continued expansion in the supermarket category. The company’s management is optimistic about leveraging government stimulus policies to further enhance consumer sentiment and outperform the industry.
Additionally, JD’s focus on AI and robotics adoption is expected to optimize costs and improve operational efficiency, while their new food delivery service complements the existing retail ecosystem. The company’s commitment to shareholder returns is evident through the announcement of a substantial dividend and a new share repurchase program. With a positive outlook for 2025, including expected revenue growth and stable profitability, Joyce Ju reiterates a Buy rating based on strong earnings visibility and favorable valuation metrics.
In another report released today, DBS also maintained a Buy rating on the stock with a $47.00 price target.
JD’s price has also changed dramatically for the past six months – from $26.070 to $43.920, which is a 68.47% increase.