JD.com's Food Delivery Growth: JD.com has reported a significant increase in its food delivery business, achieving nearly 50% conversion of new users into active retail customers, indicating strong user engagement and retention.
Earnings Call Insights: During the earnings call, CEO Sandy Ran Xu acknowledged intensified competition but highlighted JD Food Delivery's double-digit GMV growth and improved order mix, suggesting a robust performance despite market challenges.
Strategic User Acquisition: The company's food delivery strategy is evolving into a high-return user acquisition model, potentially serving as a new growth engine for JD's broader retail categories.
Improved Financial Metrics: JD has narrowed its food delivery losses in Q3, with better unit economics and targeted subsidies, positioning the business for sustainable growth without excessive cash burn.
Wall Street analysts forecast JD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JD is 38.83 USD with a low forecast of 28.00 USD and a high forecast of 50.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
Wall Street analysts forecast JD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JD is 38.83 USD with a low forecast of 28.00 USD and a high forecast of 50.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Buy
1 Hold
1 Sell
Moderate Buy
Current: 30.000
Low
28.00
Averages
38.83
High
50.50
Current: 30.000
Low
28.00
Averages
38.83
High
50.50
Freedom Capital
Buy
downgrade
$57 -> $47
2026-01-07
Reason
Freedom Capital
Price Target
$57 -> $47
AI Analysis
2026-01-07
downgrade
Buy
Reason
Freedom Capital lowered the firm's price target on JD.com to $47 from $57 and keeps a Buy rating on the shares. The firm says the company's "aggressive" advertising spend is weighing on profitability.
Citi
Buy
downgrade
$44 -> $37
2026-01-02
Reason
Citi
Price Target
$44 -> $37
2026-01-02
downgrade
Buy
Reason
Citi lowered the firm's price target on JD.com to $37 from $44 and keeps a Buy rating on the shares. The firm reduced estimates to reflect the "steepening decline" of home appliances sales. JD's sales in December could weaken relative to November, the analyst tells investors in a research note. Citi sees limited catalysts for the shares in the near-term as it expects consensus estimates for Q4 and 2026 to come down.
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Citi
Neutral
downgrade
2025-12-11
Reason
Citi
Price Target
2025-12-11
downgrade
Neutral
Reason
Citi lowered the firm's price target on JD Sports Fashion to 88 GBp from 104 GBp and keeps a Neutral rating on the shares.
Arete
Buy
to
Neutral
downgrade
$32
2025-12-09
Reason
Arete
Price Target
$32
2025-12-09
downgrade
Buy
to
Neutral
Reason
Arete downgraded JD.com to Neutral from Buy with a $32 price target.
About JD
JD.Com Inc is a company principally engaged in the e-commerce business, including online retail and online marketplace mainly through its retail mobile apps and www.jd.com website (collectively, JD Platform). The Company operates its businesses through four segments. JD Retail segment, including JD Health, JD Industrials, and other components, mainly engage in online retail, online marketplace and marketing services in China. JD Logistics segment includes both internal and external logistics businesses. Dada segment is a local on-demand delivery and retail platform in China. New Businesses segment mainly include JD Property, Jingxi and overseas businesses. The Company mainly conducts its businesses in the domestic market and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
