Benchmark Co. analyst Fawne Jiang maintains $JD.com (JD.US)$ with a buy rating, and maintains the target price at $47.
According to TipRanks data, the analyst has a success rate of 53.6% and a total average return of 16.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $JD.com (JD.US)$'s main analysts recently are as follows:
JD.com's revenue growth of 5.1% year-over-year in Q3 was propelled by a high single digit percentage increase in total GMV. The growth in active buyers and order volume, particularly during the Singles Day promotional event, as well as accelerated JDR growth in Q4, can be largely attributed to government subsidies and the company's continuous efforts to enhance product offerings and user experience.
The firm noted that JD.com posted a more robust profit than anticipated, similar to previous quarters. Analyst commentary highlighted that management conveyed a cautiously optimistic view for the 2025 outlook. It was also mentioned that strong new user growth coupled with enhancements in user experience are expected to underpin sustained demand leading up to 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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