Daiwa Cuts JD.com to Hold with $27 Target after 9.7% Monthly Fall
JD•Daiwa reduced JD.com’s rating to Hold and set a $27 price target, indicating just a 2.82% upside. Shares fell 9.67% over the past month, lagging a 4.65% Retail-Wholesale slump and a 2.02% gain for the S&P 500.
1. Downgrade Details
Daiwa lowered JD.com’s rating from Buy to Hold and established a $27 price target, signaling minimal upside of only 2.82% relative to prevailing share levels.
2. Recent Share Performance
JD.com’s shares have declined 9.67% over the last month, underperforming the Retail-Wholesale sector’s 4.65% loss and trailing the S&P 500’s 2.02% gain during the same period.
3. Outlook and Analyst Consensus
Analysts project JD.com will report EPS of $0.84—a 21.74% increase year-over-year—and revenue of $52.83 billion, up 6.11%, while the average broker recommendation of 1.36 reflects a strong buy consensus.
