JD.com Inc ADR
JD: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$94.00 | Zlhh | Mnsdhvgjdf |
JD.com: Fair Value Slashed by 51% to USD 43; Our Order of Preference Is PDD, Alibaba, and JD.com
We've slashed JD.com’s fair value estimate by 51% to USD 43 per ADS (HKD 167 per share). We cut our forecast 10-year revenue and non-GAAP net profit CAGRs to 3% and 6%, from 6% and 14% respectively as JD’s shift to a low-price strategy will take longer than expected. Meanwhile, Alibaba has made good progress on this front and Douyin beat our estimates. Our order of preference for the e-commerce sector remains PDD Holdings, Alibaba, and JD.