--- title: "\"Major Bank Report\" JD.com's latest rating and target price (Table)" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/264589524.md" description: "JD.com will announce its third-quarter results next Thursday, with a significant decline in net profit expected. According to forecasts from 16 brokerages, the net profit under non-GAAP is expected to be between 3.35 billion and 5 billion yuan, a year-on-year decrease of 62.1% to 74.8%. Investors are focused on new business investments and the progress of narrowing losses. Eight brokerages have rated JD.com as a buy, with target prices ranging from HKD 146 to HKD 233" datetime: "2025-11-06T08:32:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/264589524.md) - [en](https://longbridge.com/en/news/264589524.md) - [zh-HK](https://longbridge.com/zh-HK/news/264589524.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/264589524.md) | [English](https://longbridge.com/en/news/264589524.md) # "Major Bank Report" JD.com's latest rating and target price (Table) JD.com Group-SW (09618.HK) will announce its third-quarter results for this year next Thursday (13th). Although it can benefit from the mainland's "trade-in" policy stimulus, the company has actively entered the food delivery market this year, engaged in massive subsidies, and invested in overseas businesses. The mainland e-commerce platforms recently underwent a "delivery war," which is expected to significantly drag down the new business's losses. Major instant retail platforms in the mainland promised to regulate promotional activities and resist unfair competition in early August, leading the market to anticipate a "relief" of related losses thereafter. According to a comprehensive analysis of 16 brokerages, JD.com's non-GAAP net profit attributable to ordinary shareholders for the third quarter is expected to be between RMB 3.35 billion and RMB 5 billion, down 62.1% to 74.8% from RMB 13.2 billion in the same period last year, with a median of RMB 4.353 billion, a year-on-year decline of 67%. According to a comprehensive analysis of 3 brokerages, JD.com's net profit attributable to ordinary shareholders for the third quarter is expected to be between RMB 3.39 billion and RMB 3.994 billion, down 65.9% to 71% from RMB 11.7 billion in the same period last year. Investors will focus on JD.com's new business investments and the progress of narrowing losses, losses in instant retail business and operational strategies, expansion of Jingxi and overseas retail, and the progress of acquiring users in lower-tier cities, as well as operational guidance. The table below lists the ratings and target prices from 8 brokerages for JD.com (09618.HK): Brokerage│Investment Rating│Target Price Jefferies│Buy│HKD 233 Huatai Securities│Buy│HKD 192.65 Goldman Sachs│Buy│HKD 174 UOB Kay Hian│Buy│HKD 167 CMB International│Buy│HKD 163 CITIC Securities│Outperform│HKD 159.6 Bank of America Securities│Buy│HKD 153 Puyin International│Buy│HKD 146 \---------------------------------------------------- The table below lists the investment ratings and target prices from 19 brokerages for JD.com in the US (JD.US): Brokerage│Investment Rating│Target Price Jefferies│Buy│USD 60 Daiwa│Buy│USD 52 CMB International│Buy│USD 50.5 Huatai Securities│Buy│USD 49.51 Goldman Sachs│Buy│USD 45 Haitong International│Outperform│USD 45 Barclays│Overweight│USD 45 Citi│Buy│USD 44 Nomura│Buy│USD 43 CMB International│Buy│USD 42 CICC│Outperform│USD 41 BOCI│Buy│USD 41 Citi│Buy│USD 41 CMB International│Outperform│USD 40.9 HSBC Global Research│Buy│USD 40 Bank of Communications International│Buy│USD 40 Bank of America Securities│Buy│USD 39 Ping An International │ Buy │ $38 Morgan Stanley │ In line with the market │ $28 ### 相關股票 - [JD.com (JD.US)](https://longbridge.com/zh-HK/quote/JD.US.md) - [JD-SW (09618.HK)](https://longbridge.com/zh-HK/quote/09618.HK.md) ## 相關資訊與研究 - [JD.com Plans Offshore CNY Bond Offering to Refinance Debt](https://longbridge.com/zh-HK/news/281116889.md) - [JD.com Announces Proposed Offering of CNY-denominated Senior Notes | JD Stock News](https://longbridge.com/zh-HK/news/281088560.md) - [JD.com's Ceconomy Takeover Faces Regulatory Uncertainty in Austria](https://longbridge.com/zh-HK/news/280964648.md) - [UOB Kay Hian Downgrades BYD Electronic (International) Company to Hold from Buy, Price Target is HK$26.80](https://longbridge.com/zh-HK/news/281159014.md) - [CEOs upbeat on FY27 capex amid West Asia war cloud: Business Standard poll](https://longbridge.com/zh-HK/news/281063505.md)