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Nomura Raises JD.com, Inc. (JD.US) TP to USD41, Maintains Buy Rating
Nomura issued a research report stating that JD-SW (09618.HK) delivered 1Q results that beat expectations, with total net revenue rising 4.9% YoY. Among them, JD Retail's operating...
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Nomura Raises JD.com, Inc. (JD.US) TP to USD41, Maintains Buy Rating
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Nomura issued a research report stating that JD-SW (09618.HK)  -2.200 (-1.691%)    Short selling $300.40M; Ratio 20.530%   delivered 1Q results that beat expectations, with total net revenue rising 4.9% YoY. Among them, JD Retail's operating profit increased 16% YoY to RMB15 billion, 16% above the broker's forecast.

The broker noted that JD.com, Inc. management expects JD Retail revenue to record a mid- to high-single-digit YoY decline in the second quarter, affected by a high base effect, changes in subsidy policies and price increases of consumer electronics products. Nevertheless, the broker believes JD.com, Inc.'s earnings structure has improved significantly, and it raised its forecasts for 2026 and 2027 non-GAAP net profit by 15% and 5%, respectively, to reflect improved profitability of JD Retail and narrowing losses in its on-demand e-commerce business.

Related News BOCI Raises JD.com, Inc. (JD.US) TP to USD38; 1Q26 Results Beat
The broker maintained its Buy rating on JD.com, Inc. (JD.US)      and raised the TP from USD40 to USD41. (sl/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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