JD.com, Inc (JD) PT Lowered to $53 at Benchmark

Benchmark analyst Fawne Jiang lowered the price target on JD.com, Inc (NASDAQ: JD) to $53.00 (from $58.00) while maintaining a Buy rating.

The analyst commented, "JD delivered strong 1Q25 results, significantly exceeding expectations on both revenue and net profit. This performance was fueled not only by the benefits of its trade-in program, which drove robust 17% y/y growth in 3C and home appliances, but also by solid underlying improvements in core categories, with general merchandise up 15% and service revenue rising 14%. Building on this strong start and sustained momentum into 2Q, JD raised its FY25 guidance for JD Retail, projecting double-digit growth in both revenue and net profit for the segment."

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