TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
Investing.com - CFRA has lowered its price target on JD.com, Inc (NASDAQ:JD) to $36.00 from $37.00 while maintaining a Buy rating, citing higher food delivery spending estimates. Currently trading at $31.35, InvestingPro analysis suggests the stock is undervalued, with a P/E ratio of just 9.12x and strong financial health score of 3.08.
The research firm trimmed its 2025/2026 earnings per ADS forecasts to CNY11.11/CNY18.44 from CNY11.69/CNY19.41, reflecting increased investment in JD.com’s expanding food delivery business, which reached 25 million daily orders by late June. This aligns with InvestingPro data showing three analysts recently revising their earnings estimates downward. Get access to 10+ additional exclusive ProTips and comprehensive analysis through InvestingPro’s detailed research reports.
CFRA forecasts JD.com’s revenue to grow 20% in 2025 and 15% in 2026, driven by the company’s rapid expansion into food delivery, alongside e-commerce growth supported by increased value-for-money products, China’s expanded home appliance trade-in program, and government subsidies for electronics purchases.
The firm projects JD.com’s net margin will decrease to 1.2% in 2025 from 3.6% in 2024, before recovering to 1.7% in 2026, as upfront investments in food delivery temporarily pressure profitability.
CFRA’s $36 price target represents 13 times its 2026 EV/EBITDA estimate, which it notes is comparable to peer averages and balances JD’s stronger e-commerce business with uncertainties in the food delivery segment.
In other recent news, JD.com announced a voluntary public takeover offer for all shares of Ceconomy AG at €4.60 per share in cash through its subsidiary, JINGDONG HOLDING GERMANY GMBH. This follows confirmation from Ceconomy AG that they are in advanced negotiations with JD.com regarding the potential acquisition, which adheres to the German Securities Acquisition and Takeover Act provisions. Additionally, JD.com is reportedly in discussions with Ceconomy’s major shareholders to secure support for the formal offer. In the financial realm, Mizuho has lowered its price target for JD.com to $40, citing margin pressure concerns, although it maintains an Outperform rating due to positive developments in JD’s core retail business. Benchmark also reduced its price target to $47, reflecting JD.com’s significant investments in Food Delivery and Instant Commerce, which are projected to incur substantial losses by the second quarter of 2025. These developments highlight JD.com’s strategic moves in both acquisition and investment to bolster its business operations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.