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<Research>Citi Lifts JD.com (JD.US) TP to USD36, Rating Buy
Recommend 6 Positive 10 Negative 6 |
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Citi has issued a research report raising JD.com (JD.US)'s target price from USD35 to USD36, with a Buy rating. The broker expects JD.com's 1Q26 total revenue to increase by 3.26% YoY to RMB310.9 billion, while adjusted net profit will decline by 58% YoY to RMB5.3 billion on losses from new businesses. To reflect strong advertising revenue and faster narrowing of losses in its food delivery business, Citi has raised its 2026-28 net profit forecasts for JD.com by 2.6%/ 2%/ 1.8%. Auto-translated by AI AASTOCKS Financial News |
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