Mizuho analyst James Lee maintained a Buy rating on JD.com Inc (NASDAQ:JD) and raised the price target from $32 to $33 following the company's Q4 fiscal 2023 earnings report. JD.com reported a 3.6% year-on-year revenue growth to $43.1 billion, surpassing consensus estimates. The adjusted net income per ADS was $0.75, beating the consensus of $0.63. Lee highlighted JD.com's expansion and pricing strategy, including price matching and SKU expansion, as key drivers for future success. He expects JD Retail growth to recover to 4.4% YoY in Q1 and anticipates stable margins for fiscal 2024. Despite a recent 3.99% drop in JD shares to $23.92, Lee sees the stock as undervalued and maintains a positive outlook.