Nomura: JD.com's core business resilience stands out, target price raised to $40

金十2026/03/09 04:53

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Golden Ten Data reported on March 9 that Nomura analysts stated in a research report that JD.com (JD.O) has an optimistic outlook due to the resilience of its core business. Although revenue in the fourth quarter declined by 2% year-on-year, JD.com's retail business performed impressively. They added that losses from new businesses, including food delivery, may narrow this year. Citing management, they pointed out that investment in the food delivery sector will shrink by 2026, while the company will increase monetization through commission fees and advertising services. The analysts maintained a "Buy" rating and raised the target price of its American Depositary Receipts (ADR) from $37.00 to $40.00. JD.com's ADR closed at $27.03 in the previous trading day.

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Kevin Hassett, Director of the White House National Economic Council, stated that the recent substantial decline in technology stocks does not indicate a comprehensive sell-off risk for the AI industry. He acknowledged that some enterprises are indeed burdened with significant debt, which warrants attention. However, he also pointed out that there are many financially strong companies within the industry that hold both equity and debt in related firms; these companies may be poised to acquire or provide funding support when opportunities arise.

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