JD.com (JD) Price Target Trimmed Amid Heavy Food Delivery Investments, Buy Rating Reaffirmed

JD.com, Inc. (NASDAQ:JD) ranks among the best Asian stocks to buy. Citing increased food delivery spending projections, CFRA reduced its price target on JD.com, Inc. (NASDAQ:JD) from $37 to $36 on August 15 while retaining a Buy rating on the company’s shares.

The firm reduced its 2025/2026 earnings per ADS expectations to CNY11.11/CNY18.44 from CNY11.69/CNY19.41, citing higher investment in JD.com’s growing food delivery operation, which encountered 25 million daily orders by late June.

According to CFRA, JD.com’s revenue will likely rise by 20% in 2025 and 15% in 2026. This growth is expected to be fueled by the company’s rapid foray into the food delivery market, as well as e-commerce expansion bolstered by more affordable products, China’s expanded home appliance trade-in program, and government subsidies for electronics transactions.

JD.com, Inc. (NASDAQ:JD) is a leading Chinese e-commerce company that focuses on computers and other electronic products, all the while serving as a supply chain-focused technology provider. Using its logistics network, JD.com has established itself as a major player in China’s online retail market.

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