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Investing.com - Benchmark lowered its price target on JD.com, Inc (NASDAQ:JD) to $38.00 from $42.00 on Friday, while maintaining a Buy rating on the Chinese e-commerce giant. The new target still represents significant upside from JD’s current price of $29.95, which is hovering near its 52-week low of $29.90.
The price target reduction follows JD.com’s third-quarter 2025 results, which showed healthy topline growth of 16.63% year-over-year driven by strong performance in General Merchandise and Marketplace segments, along with robust user expansion.
Benchmark cited tough year-on-year comparisons in 3C (computers, communication, and consumer electronics) and home appliances categories as headwinds for the company heading into the fourth quarter of 2025 and fiscal year 2026.
The firm has lowered its fourth-quarter 2025 and fiscal year 2026 revenue growth projections for JD.com, while also adjusting earnings forecasts due to the company’s long-term investment commitment to its food delivery business and reduced margin leverage.
Despite the near-term caution reflected in the lower price target, Benchmark maintains a positive long-term growth perspective for JD.com’s ecosystem. The stock currently trades at an attractive P/E ratio of 10.45, reflecting its value proposition.InvestingPro analysis suggests JD.com is significantly undervalued based on its Fair Value model. InvestingPro also highlights that management has been aggressively buying back shares, potentially signaling confidence in the company’s future. Discover 10 more exclusive ProTips and comprehensive analysis in JD.com’s Pro Research Report, available with an InvestingPro subscription.
In other recent news, JD.com reported record sales during its annual Singles’ Day shopping festival, with user orders increasing by 40% and order volume rising nearly 60%. This event is one of China’s largest online shopping festivals, and JD.com noted the fastest growth in active users within the industry, alongside high consumer satisfaction ratings. In terms of analyst actions, Bernstein has lowered its price target for JD.com to $38, citing overlapping investment cycles, though it maintained an Outperform rating. Meanwhile, Morgan Stanley downgraded JD.com to Underweight, projecting a slowdown in revenue growth to 5.6% year-over-year by the fourth quarter of 2025, with potential declines in home appliance and electronics sales.
Additionally, JD.com is set to launch a new vehicle in November in partnership with battery maker CATL and automaker GAC, with public test drives beginning in late October. This collaboration marks a significant step in JD.com’s diversification efforts. These developments come amid broader discussions about China’s potential as a hub for AI innovation, as noted by Bernstein analyst Robin Zhu, who emphasized the country’s large internet user base as a key advantage. Overall, these recent developments reflect JD.com’s ongoing efforts to expand its business while navigating industry challenges.
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