JD.com, Inc (JD) PT Lowered to $38 at Bernstein SocGen Group

Bernstein SocGen Group analyst Robin Zhu lowered the price target on JD.com, Inc (NASDAQ: JD) to $38.00 (from $42.00) while maintaining an Outperform rating.

The analyst commented: "The stock is cheap… what does JD want? Assuming the market looks 6-9 months ahead, tough Electronics & Appliances comps is probably no longer “new news”. The mechanism by which food delivery has helped to support JD e-commerce growth is not wildly different from Alibaba, and it’s notable that JD continues to guide for 20% ads growth in Q4. In a market where investors appear happy to pay 11-12x forward PE for Alibaba and PDD’s e-commerce businesses, the valuation implied by JD’s shares feel very modest. That said, the sense of overlapping investment cycles ongoing at JD won't have gone away after this quarter… even if JD continues to guide for profit improvement in 2026."

You May Also Be Interested In

• Morgan Stanley Upgrades Telecom Argentina (TEO) to Overweight
• X-Energy Inc (XE) PT Lowered to $22 at Jefferies
• Piper Sandler Reiterates Overweight Rating on Madrigal Pharmaceuticals (MDGL)