JD.com Shares Jump 6.1% as Benchmark Reaffirms $38 Price Target
JD.com rallied 6.12% after Benchmark maintained its “buy” call and $38 target, following resilient Q4 results despite category headwinds. Net income fell 50% to $2.8B on 18% revenue growth to $187.2B, while Q4 revenue rose 6% to $50.38B with a $388M net loss and $1 ADS dividend.
1. Analyst Reaffirms Buy Rating
Benchmark maintained its “buy” rating on JD.com with a $38 price target after reviewing its earnings performance, sparking a 6.12% two-day rally that lifted shares to $27.03.
2. Full-Year Financial Results
In fiscal year 2025, JD.com’s net income attributable to shareholders declined 50% to $2.8 billion, while total net revenues increased 18% to $187.2 billion, demonstrating resilience amid subsidy tapering and category headwinds.
3. Fourth Quarter Performance
In Q4 2025, JD.com posted a $388 million net loss compared to a $1.35 billion profit a year earlier, as revenues grew 6% to $50.38 billion; management highlighted strength in general merchandise and higher-margin marketplace services offsetting electronics and home appliance pressures.
4. Dividend Declaration
The company declared a dividend of $0.50 per ordinary share and $1 per ADS to shareholders of record on April 9, with payment dates set for April 23 (ordinary shares) and April 29 (ADS).