5 Best E-Commerce Stocks To Buy According to Analysts

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

Average Analyst Share Price Upside: 47.51%

Average Analyst Share Price Target: $37.97

JD.com, Inc. (NASDAQ:JD), also known as Jingdong, and internationally as Joybuy, formerly 360buy, is a Chinese e-commerce powerhouse headquartered in Beijing. It specializes in the sale of electronics products and general merchandise, ranging from audio and video items to books.

On March 6, JD.com, Inc. (NASDAQ:JD) unveiled its earnings for the fourth quarter of 2023. The company reported a non-GAAP earnings per American depositary share of $0.75, surpassing market estimates by $0.12. Revenue experienced a robust 3.6% year-over-year increase, reaching $43.1 billion, exceeding estimates by $1.49 billion.

According to Insider Monkey’s fourth-quarter database, sentiment towards JD.com, Inc. (NASDAQ:JD) remained bullish, with 56 hedge funds expressing positive views, up from 53 funds in the previous quarter. Notably, Chase Coleman’s Tiger Global Management held a significant stake in the company, with 8.8 million shares valued at $254.35 million.