According to a research report by CMB International, JD.com (JD, Financial) delivered better-than-expected results in the fourth quarter of last year. The positive impact of the national subsidy plan exceeded expectations, coupled with JD.com's enhanced ability to meet consumer demand, which boosted revenue generation particularly in the supermarket segment. As a result, the company has revised its revenue forecasts upward by 4% to 5% for the current and coming year. The non-GAAP net profit forecasts have also been increased by 5% to 7%.
The target price for JD.com's stock has been raised from $53.2 to $55. The report estimates that JD.com's revenue and non-GAAP net profit will see an annual increase of 9%. The company's strategy of focusing on quality and sustainable core business growth, alongside improved shareholder returns, continues to drive its stock value. The recommendation for JD.com's stock remains a "buy".
