JD.com price target lowered to $51 from $52 at Citi

Citi analyst Alicia Yap lowered the firm’s price target on JD.com (JD) to $51 from $52 and keeps a Buy rating on the shares. Similar to the past couple quarters, JD reported a stronger than expected profit beat, the analyst tells investors in a research note. The firm says management sounded cautiously optimistic for 2025 outlook and believes the solid new user growth and user experience improvement will support resilient demand into 2025.