CFRA Lifts JD.com (JD) Target to $37, Reiterates Buy Rating

Group 1 - JD.com, Inc. has received a price target increase from CFRA, raising it from $36 to $37, with a reiterated Buy rating [1] - CFRA projects JD.com's revenue to grow by 14% by year-end 2023 and by 5% in 2026 [1] - The company's net margin is expected to decrease to 1.9% in 2025 from 3.6% in 2024 due to food delivery investment pressures, but is forecasted to recover to 2.3% in 2026 [1] Group 2 - Jingdong Industrials, JD.com's logistics technology arm, is preparing for a Hong Kong IPO aiming to raise approximately $500 million [2] - The IPO proceeds will be allocated to enhancing supply chain capabilities, investing in AI technologies, and international expansion [2] - The IPO application faced regulatory delays, with approval granted in September 2025, and is expected to launch late this year [2] Group 3 - JD.com is recognized as one of China's largest e-commerce and technology companies, operating a comprehensive online retail platform supported by advanced logistics and cloud services [3] - The company is also involved in developing cloud computing and AI solutions [3]