90% Of Analysts Are Bullish On Jd.com, Inc. (jd), Here’s Why

JD.com, Inc. (NASDAQ:JD) is among the best Chinese stocks to buy according to hedge funds. As of April 23, 90% of the analysts covering the stock remain bullish on JD.com, Inc. (NASDAQ:JD). On April 16, Bernstein SocGen Group lifted the price target on the company from $34 to $36 and maintained an Outperform rating. Beyond its popularity with analysts, the company stands out as one of the best Chinese stocks according to hedge funds.

Analysts at Bernstein believe the company’s shifted focus on profits will accelerate its momentum. According to the firm, Q1 profits appear ahead of consensus estimates, indicating that 2027 profits surpassing 2024 levels will leave the stock trading at a sub-7x next year P/E ratio.

Two days earlier, Barclays also elevated the price target on JD.com, Inc. (NASDAQ:JD) to $41 from $34 and reiterated an Overweight rating. In addition to this, the firm raised its Q1 guidance for the company due to improved demand dynamics across key business segments. The firm forecasts home appliance and electronics revenue growth to recover as early as the third quarter, with narrowed food delivery losses.

JD.com, Inc. (NASDAQ:JD) is a Chinese company that provides supply chain-based technology and services. Founded in 2006, the company operates through three segments: JD Retail, JD Logistics, and New Businesses.

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