In a report released today, Alicia Yap from Citi maintained a Buy rating on JD (JD – Research Report), with a price target of $51.00.
Alicia Yap’s rating is based on JD’s impressive financial performance in the fourth quarter of 2024, where the company exceeded revenue and profit expectations. JD’s total revenues grew by 13.4% year-over-year, surpassing both Citi’s and consensus estimates. This growth was primarily driven by strong sales in the electronics and home appliance segments, which saw a 15.8% increase, and general merchandise, which grew by 11.1%.
Additionally, JD’s operating margin improved to 3.3%, reflecting efficient cost management despite increased spending on sales and marketing. The company’s non-GAAP net profit also rose significantly, benefiting from higher operating profit and investment gains. These factors, combined with JD’s strong execution and operating leverage, underpin Alicia Yap’s Buy rating for the stock.
Yap covers the Consumer Cyclical sector, focusing on stocks such as JD, Alibaba, and PDD Holdings. According to TipRanks, Yap has an average return of 2.2% and a 42.34% success rate on recommended stocks.
In another report released on March 3, Barclays also maintained a Buy rating on the stock with a $55.00 price target.