Jefferies Cuts JD.com (JD) Price Target, Cites Growth in Food Delivery but Earnings Risk

JD.com, Inc. (NASDAQ:JD) is one of the 13 best blue-chip stocks to buy, according to analysts. On June 30, Jefferies lowered its price target for JD.com from $66 to $60 while maintaining a Buy rating. The firm acknowledged JD.com’s early progress in food delivery, which has successfully attracted younger and more female users to its platform.

Jefferies Cuts JD.com (JD) Price Target, Cites Growth in Food Delivery but Earnings Risk

A close-up of a customer using the company’s e-commerce platform whilst shopping online.

However, analysts cautioned that the food delivery segment is still in its infancy and may weigh on near-term profitability. JD’s strategy reflects the broader trend among Chinese tech firms to build super apps integrating shopping, travel, dining, and entertainment—though Jefferies sees entertainment platforms as the most resilient heading into the second half of the year.

JD.com, Inc. (NASDAQ:JD) is a leading Chinese e-commerce company that operates both an online retail business and a third-party marketplace through its website and mobile app. Its operations span four key segments: JD Retail, which includes its core e-commerce platform; JD Logistics, offering warehousing and delivery services; Dada, its on-demand delivery network; and New Businesses, which focuses on emerging ventures and innovation.

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Disclosure: None.