Earnings Report Overview: JD.com reported stronger-than-expected earnings and revenue for the second quarter, achieving its highest sales growth since late 2021 with an adjusted profit of 4.15 yuan per share.
Stock Market Reaction: Despite the positive earnings report, JD.com's stock initially opened higher but then reversed to a downward trend following the announcement.
JD
$28.6+Infinity%1D
Analyst Views on JD
Wall Street analysts forecast JD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JD is 40.61 USD with a low forecast of 28.00 USD and a high forecast of 50.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
Wall Street analysts forecast JD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JD is 40.61 USD with a low forecast of 28.00 USD and a high forecast of 50.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Buy
0 Hold
1 Sell
Strong Buy
Current: 28.850
Low
28.00
Averages
40.61
High
50.50
Current: 28.850
Low
28.00
Averages
40.61
High
50.50
Citi
Neutral
downgrade
2025-12-11
Reason
Citi
Price Target
2025-12-11
downgrade
Neutral
Reason
Citi lowered the firm's price target on JD Sports Fashion to 88 GBp from 104 GBp and keeps a Neutral rating on the shares.
Arete
Buy
to
Neutral
downgrade
$32
2025-12-09
Reason
Arete
Price Target
$32
2025-12-09
downgrade
Buy
to
Neutral
Reason
Arete downgraded JD.com to Neutral from Buy with a $32 price target.
Benchmark
Buy
downgrade
$42 -> $38
2025-11-14
Reason
Benchmark
Price Target
$42 -> $38
2025-11-14
downgrade
Buy
Reason
Benchmark lowered the firm's price target on JD.com to $38 from $42 and keeps a Buy rating on the shares. Q3 results showed healthy topline growth, but tough year-on-year comps in 3C and home appliances, coupled with uncertainties around the trade-in program, pose headwinds heading into Q4 and FY26, the analyst tells investors in a post-earnings note. The firm is lowering its Q4 and FY26 revenue growth projections and adjusting its earnings forecast accordingly.
BofA
analyst
Buy
downgrade
$39 -> $38
2025-11-14
Reason
BofA
analyst
Price Target
$39 -> $38
2025-11-14
downgrade
Buy
Reason
BofA lowered the firm's price target on JD.com to $38 from $39 and keeps a Buy rating on the shares following the company's Q3 report. For Q4, management guides a tougher comp for appliances while smartphone, healthcare, fashion and supermarket categories were all doing well during the Double 11 campaign, notes the analyst, who forecasts JDR revenue growth of 3.0% and 2.5% for Q4 and 2026, respectively.
About JD
JD.Com Inc is a company principally engaged in the e-commerce business, including online retail and online marketplace mainly through its retail mobile apps and www.jd.com website (collectively, JD Platform). The Company operates its businesses through four segments. JD Retail segment, including JD Health, JD Industrials, and other components, mainly engage in online retail, online marketplace and marketing services in China. JD Logistics segment includes both internal and external logistics businesses. Dada segment is a local on-demand delivery and retail platform in China. New Businesses segment mainly include JD Property, Jingxi and overseas businesses. The Company mainly conducts its businesses in the domestic market and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
