0539 GMT - JD.com could continue to be a key beneficiary of China's consumption stimulus in 2025, Barclays analysts say in a research note. The Chinese tech giant's 4Q revenue could record its fastest on-year growth in over two years, supported by government policies and subsidies to stimulate consumption, they say. With expected strong 4Q revenue and government support, marketing expenses and promotions could trend below expectations, driving upside in margins and profits, they say. "We expect JD's sales momentum to continue at least for a couple of more quarters after the strong 4Q growth, catching the subsidy tailwind," they note. Barclays maintains an overweight call on JD and raises its ADR target price to $55.00 from $50.00. The ADRs last closed at $41.90.(sherry.qin@wsj.com)
(END) Dow Jones Newswires
March 03, 2025 00:39 ET (05:39 GMT)
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