Mizuho Raises PT on JD.com (JD) stock

Group 1 - JD.com, Inc. is considered one of the best bargain stocks to buy in November, with Mizuho raising the price target to $41 from $40 while maintaining an "Outperform" rating due to healthy Q3 delivery order growth compared to Q2 [1] - The company remains confident in its core retail business as a cornerstone of operations, focusing on user experience, cost reduction, and efficiency improvement while investing in new growth areas aligned with its long-term strategic roadmap [2] - BofA has also raised its price target on JD.com to $39 from $37, maintaining a "Buy" rating ahead of the Q3 report, while fine-tuning revenue growth estimates for 2025, 2026, and 2027 [3] Group 2 - JD.com faced a decline during the quarter due to concerns over aggressive expansion into the competitive food delivery market, with unclear investment magnitude and incremental returns [3] - Despite concerns, the core e-commerce business continues to show strong results, highlighted by double-digit top line growth and margin expansion [3] - The valuation of JD.com remains attractive, but some investors have trimmed their positions due to emerging concerns, while noting that certain AI stocks may offer greater upside potential [3]