10 Best Affordable Stocks Under $30

3. JD.com, Inc. (NASDAQ:JD)

Stock Price: $29.45

Forward P/E: 11.06

Number of Hedge Fund Holders: 55

JD.com, Inc. (NASDAQ:JD) is one of the best affordable stocks under $30. On January 7, Freedom Capital cut the price target on JD.com, Inc. (NASDAQ:JD) to $47 from $57 while maintaining a Buy rating on the stock, telling investors that the company’s “aggressive” advertising spending is weighing on profitability.

In addition to Freedom Capital, Citi also cut the price target on JD.com, Inc. (NASDAQ:JD) to $37 from $44 while maintaining a Buy rating. The firm told investors that it cut the price target to take into account the “steepening decline” of home appliance sales, adding that JD.com, Inc.’s (NASDAQ:JD) December sales could be weak in comparison to November. In addition, Citi sees limited catalysts for the shares in the near-term, as it anticipates consensus estimates for fiscal Q4 and 2026 to drop.

In a separate development, JINGDONG Property, the infrastructure investment and asset management arm of JD.com, Inc. (NASDAQ:JD), announced on December 30 an investment in a new logistics facility at the Special Integrated Logistics Zone in Saudi Arabia. Management stated that the project supports the goals of the National Transport and Logistics Strategy while also coinciding with the Saudi Aviation Strategy and Saudi Arabia’s Vision 2030.

It added that the facility would be located in the Riyadh Integrated Logistics Zone and be developed as a Grade-A warehouse, strategically situated at a mere eight-minute drive from the King Khalid International Airport (KKIA), the Kingdom’s busiest cargo airport, and approximately 28 km (35 minutes) from Riyadh city center. The location would thus allow the new warehouse to benefit from direct access to global air routes through a bonded corridor while also allowing fast and efficient urban delivery.

JD.com, Inc. (NASDAQ:JD) is an e-commerce company that deals with online retail and online marketplace through its retail website and mobile application. Its operations are divided into four segments: JD Retail, JD Logistics, Dada, and New Businesses segment. The JD Retail segment is engaged in online retail, marketing services, and online marketplace in China, while the JD Logistics segment covers internal and external logistics businesses. The Dada segment is a local on-demand delivery and retail platform in China. The New Businesses segment, in contrast, manages JD Property, Jingxi, and overseas businesses.