JD.com (NASDAQ: JD) reported better-than-expected first-quarter results, with both revenue and profit exceeding analyst forecasts as improved consumer sentiment and strong user growth fueled momentum across its platform. As a result, the company’s shares rose more than 3% on Tuesday.
Net revenue climbed 16% year-over-year to 301.08 billion yuan, topping the Street consensus estimate of 289.44 billion yuan. Adjusted EBITDA rose 27% to 13.70 billion yuan, also beating analyst forecasts of 12.64 billion yuan.
CEO Sandy Xu credited the solid performance to gains in supply chain efficiency and an improved user experience. She also pointed to “encouraging signs” from new growth initiatives, including its expanding presence in food delivery, where it continues to face stiff competition from rivals such as Alibaba.
Management noted that average daily food delivery order volume has approached 20 million, with early signs of strong user engagement, including high repurchase rates and successful cross-selling into JD’s broader retail categories.
Following the earnings report, several analysts raised their price targets on the stock. Citi lifted its target to $52 from $51 while maintaining a “Buy” rating, citing JD’s 43% year-over-year growth in non-GAAP net profit to 12.8 billion yuan — well ahead of both Citi and consensus forecasts.
Jefferies also reiterated a “Buy” rating and nudged its price target to $66, up from the previous $66.
As of the latest update, JD.com (NASDAQ: JD) shares are up 3.33%, trading at $37.25.
David Kirakosyan is a seasoned financial journalist with nearly a decade of hands-on experience in covering the U.S. stock markets. Since 2016, he has written thousands of equity news articles, detailed market analyses, and investment insights for trusted platforms like Benzinga, Investing.com, and StreetInsider. David holds a Master of Science in Finance and is a Level 2 CFA® candidate, reflecting his deep commitment to financial expertise and ethical standards. His reporting combines real-world market experience with a strong academic foundation, helping readers make informed decisions backed by reliable information. Read Full Bio
