CMB International Securities analyst Saiyi He has maintained their bullish stance on JD stock, giving a Buy rating today.
Saiyi He has given his Buy rating due to a combination of factors that highlight JD’s strong financial performance and growth potential. JD.com reported impressive fourth-quarter results for 2024, with revenue and net profit significantly surpassing market expectations. The company’s retail segment, JD Retail, demonstrated robust operational performance, benefiting from economies of scale and effective consumer demand capture, particularly in the electronics and home appliances sector.
Additionally, JD’s services revenue showed solid growth, driven by increased marketplace and advertising revenue, as well as logistics services. The company’s strategic initiatives, such as the nationwide trade-in program, have positively impacted revenue growth, while the decision to enhance shareholder returns through increased dividends further supports the Buy rating. These factors, combined with a positive outlook for future revenue and profit growth, underpin Saiyi He’s optimistic assessment of JD’s stock.
He covers the Communication Services sector, focusing on stocks such as Baidu, Iqiyi, and Meta Platforms. According to TipRanks, He has an average return of 18.2% and a 63.48% success rate on recommended stocks.
In another report released today, DBS also maintained a Buy rating on the stock with a $47.00 price target.