Research Alert: CFRA Keeps Buy Opinion On Adss Of Jd.com, Inc.

Fidelity
2026.05.13 08:35
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CFRA maintains a Buy opinion on JD.com, raising the target price to USD36 from USD30, based on an 8x EV/EBITDA estimate for 2026. They anticipate mid-single-digit revenue growth for 2026-2027, supported by renewed government electronics subsidies. JD.com is expanding its general merchandise segment and expects stable net margins in 2026, improving in 2027. The 2026 EPADS forecast remains at CNY15.08 (+17% Y/Y) and CNY23.19 for 2027.