JD.com Has Clear Path to Higher Profits -- Market Talk

Dow Jones04-02

0348 GMT - JD.com has a clear path to improved profitability if management scales back investment in its loss-making food delivery segment, Citi analysts say in a note. They forecast 2026 losses to be smaller than in 2025 thanks to improvements in user experience and more efficient promotion. JD.com's extensive supply chain provides a strong, defensible moat against potential disruption from AI agents-powered commerce, they add. Management's commitment to shareholder returns through buybacks and dividends should also support valuation. Citi maintains a buy rating and a $35.00 target price on its ADRs, citing its undemanding valuation and strong free cash flow yield. ADRs last closed at $28.87.(jason.chau@wsj.com)

(END) Dow Jones Newswires

April 01, 2026 23:48 ET (03:48 GMT)

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