iPhone 14 Lineup Demand Is A Boon For This China's Internet Stock. Analyst Calls It 'Top China Internet Pick'

Mizuho analyst James Lee reiterated a Buy and $90 price target on JD.com, Inc JD. Lee recently hosted an investor call with management.
He highlighted trends improved gradually from July to September, increasing confidence that revenue growth can improve 10 points in 2H22 from 2Q22.
Lee sees the demand in the supermarket category remained strong due to a mix shift from discretionary categories.
The successful Apple Inc AAPL iPhone14 launch will also drive the demand for mobile phones, and further stimulus could improve consumption, a positive for JD.
Logistic constraints have improved meaningfully in 3Q22, and Lee expects the cancellation rates and fulfillment costs to decline Q/Q and margins to improve sequentially.
Lee said the net margins would improve Y/Y in 2H22 from enhanced efficiency and leverage of marketing.
He maintained that JD.com is a top China Internet pick.
Price Action: JD shares traded higher by 2.22% at $56.60 on the last check Monday.

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