BofA Reduces PT On JD.com From $38 to $36 as Analyst Revises Revenue Estimates for Next Three Years

JD.com, Inc. (NASDAQ:JD) is one of the Top 15 Chinese Companies on US Exchanges.

On January 26, TheFly reported that BofA slightly reduced the price target on JD.com, Inc. (NASDAQ:JD) from $38 to $36. Joyce Ju from BofA revised the price target on JD while keeping a Buy rating on the shares.

BofA Reduces PT On JD.com From $38 to $36 as Analyst Revises Revenue Estimates for Next Three Years

06photo/Shutterstock.com

Ju has lowered the price target after revising JD.com, Inc.’s 2025, 2026, and 2027 revenue growth estimates to 13%, 6%, and 8%, respectively. The analyst has cut JD’s non-GAAP net profit estimates amid higher consumer incentives and food-delivery losses.

In other news, on January 14, DBS also lowered its price target on JD.com from $40 to $38 while maintaining a Buy rating. DBS said that double-digit declines in electronics and home appliances GMV reduced JD’s revenue by 4% year over year in Q4 2025. Addressing the outlook for 2026, the firm added, “We see limited near-term visibility as the national subsidy programme is likely weaker than FY25 in both scale and scope.”

DBS has also reduced JD.com’s retail growth estimates for 2025, 2026, and 2027, leading to cuts in adjusted earnings by 11%, 24%, and 20%, respectively. DBS maintains a forward P/E multiple of 12 for JD as the stock valuation remains undemanding.

JD.com, Inc. (NASDAQ:JD) is one of the largest supply-chain-based technology and services providers in China. The company operates through three segments, including Retail, Logistics, and New Businesses.

While we acknowledge the potential of JD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JD and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best New Penny Stocks to Invest In and 13 Best Gold Mining Companies to Invest In Now.

Disclosure: None. This article is originally published at Insider Monkey.