JD.com Outlook Positive as Core Business Remain Resilient -- Market Talk
Dow Jones
Mar 09
0437 GMT - JD.com's outlook is positive as its core business remains resilient, according to Nomura analysts in a research note. JD's retail business performance was impressive despite a 2% on year drop in 4Q revenue. Losses from new businesses, which include food delivery, are likely to narrow this year, they add. The investment into food delivery will shrink in 2026 while the company will also increase monetization from commission charges and advertising services, they note, citing management remarks. The analysts keep a buy rating, but raise target price of its ADRs to $40.00 from $37.00. Its ADRs last closed at $27.03. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
March 09, 2026 00:37 ET (04:37 GMT)
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