Morgan Stanley analyst Eddy Wang maintained a Hold rating on JD (JD – Research Report) today and set a price target of $39.00.
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Eddy Wang’s rating is based on JD’s recent strategic moves and financial projections. JD has shown significant growth in its food delivery business, expanding its coverage to approximately 300 cities and increasing its daily order volume rapidly. This expansion indicates strong demand from both merchants and riders, and JD aims to integrate this business within its broader ecosystem rather than treating it as a standalone entity.
However, while JD has raised its revenue and earnings growth guidance for 2025, the lack of guidance on potential losses from the food delivery segment introduces uncertainty. This uncertainty could lead to further downgrades in earnings estimates for the remainder of 2025. Consequently, despite the positive growth outlook in core categories, the potential risks associated with the food delivery investments have led Eddy Wang to maintain a Hold rating, adjusting the price target to $39, which reflects a fair valuation compared to peers.
According to TipRanks, Wang is ranked #8851 out of 9511 analysts.