Alicia Yap, an analyst from Citi, maintained the Buy rating on JD. The associated price target remains the same with $44.00.
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Alicia Yap has given her Buy rating due to a combination of factors, primarily focusing on JD’s strong financial performance and growth prospects. JD’s third-quarter revenues surpassed expectations, with a 14.9% year-over-year increase, beating both Citi’s and consensus estimates. This growth was driven by significant gains in electronic and home appliance sales, as well as general merchandise, which saw an impressive 18.8% increase.
Furthermore, JD’s net service revenues grew by 30.8% year-over-year, with notable contributions from marketplace and advertising revenues. The retail segment also showed robust growth, with a 5.9% operating margin, exceeding previous expectations. These positive financial indicators, combined with strategic initiatives such as JD Food delivery, which has helped increase active users, underpin the optimistic outlook and justify the Buy rating.
In another report released on October 31, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $38.00 price target.