---
title: "Morgan Stanley: Restores \"Overweight\" Rating for JD Group-SW with a Target Price of HKD 148"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282810865.md"
description: "JP Morgan released a research report stating that it has reinstated its \"Overweight\" rating on JD Group-SW (09618) with a target price of HKD 148; the target price for US stocks is USD 38. The bank believes that investors should focus on the upward profit risks for 2026. It stated that last year's fourth-quarter performance and the 2026 guidance demonstrate the resilience of the core business, and the most aggressive investment period for fast commerce has passed, with international business expansion expected to be more cautious. The bank raised its revenue forecasts for JD in 2026 and 2027 by 1% and 2%, respectively, and adjusted net profit forecasts up by 13% and 26%, which are 17% and 7% higher than market consensus, respectively"
datetime: "2026-04-15T08:48:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282810865.md)
  - [en](https://longbridge.com/en/news/282810865.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282810865.md)
---

# Morgan Stanley: Restores "Overweight" Rating for JD Group-SW with a Target Price of HKD 148

According to the Zhitong Finance APP, JP Morgan has released a research report stating that it has reinstated the "Overweight" rating for JD Group-SW (09618, JD.US) with a target price of HKD 148; the target price for US stocks is USD 38. The bank believes that investors should focus on the upward profit risks for 2026. It stated that last year's fourth-quarter performance and the 2026 guidance demonstrated the resilience of the core business, and the most aggressive investment period for fast commerce has passed, with international business expansion expected to be more cautious. The bank has raised its revenue forecasts for JD in 2026 and 2027 by 1% and 2%, respectively, and adjusted net profit forecasts up by 13% and 26%, which are 17% and 7% higher than market consensus, respectively

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