JD.com price target raised to $58 from $47 at Benchmark

Benchmark analyst Fawne Jiang raised the firm’s price target on JD.com (JD) to $58 from $47 and keeps a Buy rating on the shares after the company reported “strong” Q4 results that featured a “substantial beat on both revenue and net profit.” JD has also provided an “upbeat” FY25 outlook, forecasting both revenue and net profit to grow by high-single digits, versus the Street’s estimate for mid-single digit growth, the analyst noted.