NEW YORK, June 27, 2026, 16:03 (EDT)
- JD.com’s U.S. ADS finished Friday at $25.39. Shares hit $24.55 during the session, sitting only 4 cents over the 52-week low. In Hong Kong, the stock closed at HK$96.00 following a session low right at its HK$95.80 52-week low.
- JD.com’s U.S. ADS dropped 7.91% in five days after Daiwa downgraded the stock to Hold and slashed its target price to $27 from $47.
- JD.com will hold its annual meeting in Beijing on June 29. The company said no proposals are up for a vote.
JD.com, Inc. (NASDAQ:JD; HKG:9618) added 0.79% to close at $25.39 in New York on Friday. That’s the last print for the week, as Saturday trading is outside U.S. and Hong Kong cash hours. The rise barely dented losses, with JD’s ADS still off 7.91% over the past five sessions. The Nasdaq Composite slipped 0.24% Friday.
JD dipped intraday to $24.55, stopping just short of its $24.51 52-week low. Buyers showed up toward the close. Volume hit 13.02 million shares, topping the 10.05 million average Google Finance tracks.
JD’s Hong Kong shares fell. They lost 2.78% to finish at HK$96.00, after dipping to HK$95.80 during the session. Google Finance shows that as JD’s 52-week low. The stock closed just 0.2% over that mark.
Target prices are in focus now. Google Finance puts Daiwa’s John Choi as cutting JD to Hold on June 23, setting a $27 target just 6.3% above JD’s latest U.S. close. The site’s table lists a $38.17 average 12-month target, but the lowest target has dropped near the current share price.
That’s key since the stock isn’t sitting much under the most recent bearish target now. For a bounce on value, JD has to show stronger sales, relief for margins, or a shift in Chinese consumer mood. If none of that shows up, traders will be looking toward the $24.51 U.S. low and the HK$95.80 mark in Hong Kong.
Daiwa cut after China’s 618 shopping festival showed little growth. Reuters said Syntun estimated gross merchandise value at 863.6 billion yuan on major platforms from May 13 to June 18, almost unchanged from 855.6 billion yuan a year ago. Alibaba Group Holding Ltd’s HKG:9988 Tmall led by GMV, with JD.com and Douyin behind. JD reported a record in customer numbers but did not disclose total sales revenue.
Daiwa sees the 2026 618 festival as weaker than it thought, according to The Fly and TipRanks. The broker blamed macro pressure, regulation, and a smaller trade-in program. MarketScreener showed Daiwa dropped its target to $27 from $47, which is a 42.6% cut.
JD has already tried to shift talk away from growth that leans on appliances. In March, Chief Executive Sandy Xu told analysts that JD’s “growth drivers are becoming more diversified.” Xu also said food delivery investment would fall in 2026 compared to 2025. Back then, Reuters reported JD missed quarterly revenue estimates and posted a 2.7 billion yuan net loss for ordinary shareholders. Reuters
JD sets its annual general meeting for June 29, 3:00 p.m. Hong Kong time in Beijing. The company said no proposals are up for shareholder vote. Instead, the meeting will be an open forum for shareholders of record to discuss business with management.
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