12 High Growth International Stocks to Invest in Now

2. JD.com, Inc. (NASDAQ:JD)

10-Year Revenue Growth Rate: 27.25%

Number of Hedge Fund Holders: 75

JD.com, Inc. (NASDAQ:JD) is a leading Chinese e-commerce platform, which offers a wide range of products including home appliances, electronics, and other general products. Due to its robust supply chain networks, the company has established itself as a key player in the international retail and logistics industry.

On January 22, Joyce Ju, an analyst at Bank of America Securities, reiterated a Buy rating on the stock, keeping the price target at $48. Ju’s analysis of JD.com, Inc. (NASDAQ:JD) is based on expectations for a strong performance in the fourth quarter of 2024, driven by government subsidies and successful promotional activities. Analysts expect the company to achieve a 10.1% year-over-year revenue growth with an 18% increase in profit margins.

The company reported strong financial performance during the third quarter of fiscal 2024. Growth in general merchandise and a turnaround in the electronics and home appliances categories drove revenue to RMB 260 billion, indicating a 5% increase year-over-year. Moreover, gross profits also improved 16% year-on-year with ongoing cost efficiency efforts in logistics contributing heavily. It is one of the high-growth international stocks to invest in now.

Ariel Global Fund stated the following regarding JD.com, Inc. (NASDAQ:JD) in its Q3 2024 investor letter:

“China-based E-commerce company, JD.com, Inc. (NASDAQ:JD) was the top contributor in the quarter as the People’s Bank of China’s (PBOC) comprehensive stimulus measures bolstered investor confidence in the Chinese economy. The improving economic sentiment is fueling consumer spending which benefits the company’s retail operations. Additionally, the company’s strategic decision to diversify general merchandise product offerings, expand its third-party marketplace business and monetize advertising streams has contributed to consecutive quarterly earnings beats. JD.com is also poised to capitalize on the home appliance trade-in program, which is one of its largest product categories. Given the favorable market environment, the company’s strategic positioning and supply chain efficiency improvements, we continue to like its long-term growth prospects.”