BofA lowered the firm’s price target on JD.com (JD) to $48 from $51 and keeps a Buy rating on the shares. JD.com will report Q1 results in mid-May and the firm estimates Q1 total revenue growth of 12% year-over-year, the analyst tells investors in a preview. The firm now models 2025 revenue and non-GAAP net profit to grow 9.6% and 8.0% year-over-year, respectively, the analyst added.
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