Barclays cuts target for JD.com stock from USD 41.00 to USD 38.00

Published on 10/20/2026 at 20:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JD.com revenue fell 2.90 percent to RMB 346 billion in Q2 2026. JD.com stock costs EUR 23.75 on October 20, 2026 at 8:30 p.m. CEST.

Analyst target cut and earnings date

On October 14, 2026, Barclays cut its JD.com target from USD 41.00 to USD 38.00.
Second-quarter 2026 revenue fell 2.90 percent to RMB 346.00 billion.
JD.com stock was at EUR 23.75 at Lang & Schwarz on October 20, 2026 at 8:30 p.m. CEST.
JD.com is scheduled to report third-quarter 2026 results on November 12, 2026.

JD, US47215P1066, Illustration mit AI erstellt.

JD.com (ISIN US47215P1066) is being reassessed after Barclays cut its price target from USD 41.00 to USD 38.00 while maintaining an Overweight rating. Markets Insider reported the change on October 14, 2026. JD.com stock was at EUR 23.75 at Lang & Schwarz on October 20, 2026 at 8:30 p.m. CEST.

Barclays weighs slower growth

Barclays expects third-quarter revenue to be broadly in line, while rising expenses could offset gross-margin improvement, according to the report. The lower target followed a reduction in the valuation multiple from 6 times expected fiscal year 2027 EBITDA to 5 times, while the firm retained its Overweight rating.

Revenue fell in the second quarter

JD.com reported total revenue of RMB 346.00 billion for the second quarter of 2026, down 2.90 percent from the prior-year quarter. Non-GAAP net income attributable to ordinary shareholders rose 20.80 percent year over year to RMB 8.90 billion, and non-GAAP net margin increased 0.50 percentage points to 2.60 percent, according to the Yahoo Finance transcript published August 13, 2026.

Nasdaq valuation and next date

JD.com was trading at USD 26.70 on the Nasdaq on October 20, 2026 at 2:31 p.m. ET. Its market capitalization was USD 36.10 billion, and its trailing price-to-earnings ratio was 17.38. The 52-week Nasdaq range was USD 24.51 to USD 35.06.

The next scheduled reporting date is November 12, 2026, when JD.com is expected to announce third-quarter 2026 results before the U.S. market opens, according to MarketBeat. The same calendar lists expected third-quarter earnings of USD 0.90 per share and revenue of USD 46.15 billion.

Comparison with peers

JD.com: Nasdaq, USD, market capitalization USD 36.10 billion, price-to-earnings ratio 17.38. Alibaba Group: NYSE, USD, market capitalization USD 271.00 billion, price-to-earnings ratio 24.05. PDD Holdings: Nasdaq, USD, market capitalization USD 116.01 billion, price-to-earnings ratio 8.62.

What the target cut means

The revised USD 38.00 target remains tied to a recovery in revenue growth and tighter control of food-delivery losses. The second-quarter figures show the contrast investors will track into November: total revenue declined 2.90 percent, while non-GAAP net income increased 20.80 percent.

The further course of trading is shown by the continuously updated real-time quote of JD.com stock.