Nomura analysts have expressed an optimistic outlook for JD.com, citing the resilience of its core business. According to Jin10, despite a 2% year-on-year decline in fourth-quarter revenue, JD.com's retail segment has shown impressive performance. The analysts noted that losses in new ventures, including food delivery, are expected to narrow this year. They highlighted management's plans to reduce investment in the food delivery sector by 2026, while increasing monetization through commission fees and advertising services. The analysts have maintained a 'buy' rating and raised the target price for JD.com's American Depositary Receipts (ADR) from $37.00 to $40.00. JD.com's ADR closed at $27.03 in the previous trading session.