On June 25, JD.com declined 3.02% in regular trading, trading at HK$98.05 per share with turnover of HK$178 million, extending the previous session's losses.
On the news front, Daiwa Securities recently downgraded JD.com's US-listed shares from Buy to Hold and slashed its price target from $47 to $27, a reduction exceeding 40%, triggering sustained pressure on market sentiment. Additionally, market expectations for JD.com's 618 shopping festival GMV growth remain tepid — while order-placing users hit a record high, concerns over the quality of growth have emerged. According to FactSet, the analyst consensus rating for JD.com stands at Overweight with an average target price of $39.89, diverging significantly from Daiwa's latest target. Meanwhile, founder Richard Liu's recently disclosed Nirvana Plan to fully replace delivery personnel with robots has raised investor concerns over long-term execution costs and workforce transition risks, adding further near-term pressure on the stock.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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