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On Wednesday, Benchmark analysts revised their price target for JD.com, Inc (NASDAQ:JD) shares, lowering it to $53.00 from the previous $58.00, while the Buy rating for the company was upheld. The adjustment follows JD.com’s release of its first-quarter 2025 financial results, which surpassed expectations in terms of both revenue and net income. According to InvestingPro data, JD.com currently trades at an attractive P/E ratio of 8.8x and shows strong financial health with a "GREAT" overall score. The stock appears undervalued based on InvestingPro’s Fair Value analysis.
The e-commerce giant’s impressive performance was attributed to its successful trade-in program, which spurred a 17% year-over-year increase in sales of electronics (3C) and home appliances. Additionally, JD.com experienced healthy gains in its core categories, with general merchandise sales climbing 15% and service revenue growing by 14%. The company’s overall revenue reached $165.3 billion in the last twelve months, with an 8.9% growth rate. InvestingPro subscribers can access 10+ additional key metrics and insights about JD.com’s financial performance.
Buoyed by these robust first-quarter figures and the ongoing positive trend, JD.com has increased its full-year 2025 guidance for its JD Retail division. The company now anticipates double-digit growth in both revenue and net profit for the segment.
The strong start to the year and the upward revision in guidance reflect JD.com’s sustained momentum as it enters the second quarter of 2025. The company’s ability to exceed financial expectations and its optimistic outlook for the remainder of the year have been acknowledged by Benchmark in their ongoing recommendation of JD.com stock to investors.
In other recent news, JD.com has reported strong financial results, with a notable 20% year-over-year increase in user growth and a significant rise in revenue. The company exceeded expectations with a 14% beat on consolidated operating income, driven by gains in key product categories. Citi analyst Alicia Yap raised JD.com’s price target to $52, citing an impressive first-quarter non-GAAP net profit growth of 43% year-over-year. Jefferies also increased its price target to $66, maintaining a Buy rating due to continued growth in active customers and Gross Merchandise Volume.
Despite these positive developments, Mizuho (NYSE:MFG) adjusted its price target for JD.com to $48, while retaining an Outperform rating, due to anticipated short-term pressure on profit margins from reinvestment in on-demand services. Morgan Stanley (NYSE:MS) reduced its price target to $39, expressing concern over the lack of guidance for JD.com’s food delivery business, although it maintained an Equal-weight rating. The company’s expansion into food delivery, with daily order volumes nearing 20 million, remains a focal point for future growth.
Goldman Sachs removed JD.com from its Asia-Pacific Conviction List, reflecting changing market dynamics. Analysts highlight JD.com’s strategic direction and potential for growth, despite challenges in the competitive landscape. Investors are closely monitoring JD.com’s ability to manage its food delivery operations and achieve the raised financial targets for 2025.
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