BofA Keeps Buy on JD.com (JD) as Q4 Revenue Forecast Meets Expectations
JD.com, Inc. (NASDAQ:JD) ranks among billionaire David Tepper’s 10 favorite stocks. On January 26, BofA Securities lowered its price target for JD.com, Inc. (NASDAQ:JD) to $36 from $38, but maintained a Buy rating on the e-commerce giant. The revision came as BofA analyst Joyce Ju issued projections for JD.com’s fourth-quarter 2025 earnings report, with total revenue forecast at RMB356 billion, a 2.6% year-over-year increase, and in line with consensus.
In terms of profitability, the firm forecasts JD Retail’s operating profit of RMB7.8 billion, a 22% year-over-year fall due to significant Singles Day subsidies, particularly in the home appliances sector.
According to BofA, JD.com’s group non-GAAP net profit would amount to RMB0.9 billion, above the street’s forecast of RMB0.6 billion, with losses coming from new initiatives likely to fall to RMB14.9 billion from RMB15.7 billion in Q3.
JD.com, Inc. (NASDAQ:JD) is one of China’s largest e-commerce and technology companies. It operates an extensive online retail platform supported by advanced logistics, supply chain management, and cloud services.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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