Benchmark Lowers JD.com, Inc. (JD)’s Price Target To $47, Maintains Buy Rating

JD.com, Inc. (NASDAQ:JD) is among the 13 Best Global Stocks to Buy Right Now. On July 21, Benchmark analyst Fawne Jiang slashed the Chinese e-commerce giant’s price target to $47 from $53, while maintaining a Buy rating for its shares.

Benchmark Lowers JD.com, Inc. (JD)'s Price Target To $47, Maintains Buy Rating

A close up of the hand of a financial analyst, holding a copy of a report from a rating agency.

The adjustment factored in the company’s investments in food delivery and instant commerce, which the analyst believes will result in significant margin pressure in the near term. The research firm also lowered its group-level non-GAAP net margin to reflect the losses and trimmed its fiscal outlook, citing competitive pressure.

However, the analyst maintained a Buy rating for JD.com, Inc. (NASDAQ:JD), while noting the company’s growth potential and strategic positioning. Jiang acknowledged the long-term value of these investments, aimed at enhancing user growth and modernizing the supply chain.

The analyst also anticipates JD.com, Inc. (NASDAQ:JD) to benefit from China’s thriving retail market, especially in the 3C and home appliance sectors. He believes the company is well-positioned to capitalize on the robust momentum in these sectors.

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