Benchmark lowered the firm’s price target on JD.com (JD) to $42 from $47 and keeps a Buy rating on the shares. JD delivered “a strong topline beat” in Q2, but the firm takes a balanced view of the evolving growth and margin outlook heading into FY26, the analyst tells investors. The firm has adjusted its FY26 earnings forecast to reflect ongoing investment and potential profitability pressures given management’s continued emphasis on food delivery as a strategic priority, the analyst added.
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