15 Best and Cheap Stocks to Buy According to Billionaires

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

Forward P/E Ratio: 9.73

No. of Billionaire Investors: 18

JD.com, Inc. (NASDAQ:JD) is a leading supply chain-driven technology and service provider in China. It operates one of China’s largest e-commerce platforms, competing with Alibaba and Pinduoduo. JD differentiates itself through a focus on quality and a direct-sales model. Unlike its competitors, JD operates as a retailer, controlling its supply chain and logistics network to ensure product authenticity. This business model has helped the company to maintain customer loyalty and sustain long-term revenue growth, even during economic downturns.

On March 7, Benchmark analyst Fawn Jiang raised the price target on JD shares from $47 to $58, keeping a Buy rating on the shares. Jiang increased the price target following impressive Q4 2024 results and a positive outlook for 2025. JD.com, Inc. (NASDAQ:JD) surpassed the 2024 earnings estimate of $4.10, posting an EPS of $4.29 per share. The revenue came in at around $159.91 billion, surpassing estimates by $3.36 billion. The strong performance in 2024 was driven by the trade-in program’s positive impact, leading to 16% year-over-year growth in 3C+ home appliances, and fundamental improvements in core categories and ecosystems, with service revenue soaring by 11%.

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