Brean Capital Reiterates Buy On JD.Com Inc On The Heels Of ‘Strong’ 4Q14 Results


In a research report released Wednesday, Brean Capital analyst Fawne Jiang reiterated a Buy rating on JD.Com Inc (ADR) (NASDAQ:JD) with a $35 price target, which implies an upside of 27% from current levels.

The report comes after the company released its fourth-quarter results, with both revenue and earnings beating consensus expectations.

Jiang noted, “In particular, we are positive on continued robust growth of its general merchandise and marketplace businesses, improving progress on mobile, and accelerating penetration into lower tier cities. Moreover, while JD will continue to invest heavily in sales, marketing, and fulfillment; management expects an improving Non-GAAP net margin trend in 2015 on better operating leverage. We believe JD, as a leading e-commerce player in China, benefits from a structural shift from offline to online shopping and is well positioned to capture the increasing consumer demand towards trusted products and consistent services.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Fawne Jiang has a total average return of -4.8% and a 29.1% success rate. Jiang is ranked #3257 out of 3504 analysts.

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