JD.com (JD) Stock Analysis & Forecast

JD.com, Inc. Retail trade sector. Market cap $37.79B.

$26.92+0.28 (+1.1%)

Close on Sep 18, 2026. Page updated Sep 19, 9:16 pm ET.

Gekko Brief

AI summary

JD.com closes at $26.92, up 1.1% on the day, with the stock sitting below both its 50-day average of $29.59 and its 200-day average of $29.03. The GekkoIndex reads 67.6, placing the stock in the Accumulation zone, while Gekko Fair Value stands at $44.57, leaving price 39.6% below that level. Over the past year the stock has returned -23.6%, with the most recent month down 8.3%.

Coverage this week centers on JD.com's discounted valuation relative to its underlying business. Commentary points to a Q2 2026 revenue decline of 2.9% year-over-year alongside strong free cash flow of $4.69 billion and a net cash position of $24.34 billion, with intrinsic value estimates cited in the $50-60 range against the roughly $27 share price. Separately, JD.com and BOE marked four years of a partnership initiative, and the company's 7Fresh Kitchen unit introduced an AI-powered "Chef Transformer" food truck concept. Broader Chinese technology names, including Alibaba and PDD, also ticked higher this week alongside JD.com.

Looking ahead, JD.com's next earnings report is set for 12 November 2026, before the open, which falls outside a typical 20-trading-day window; the prior report on 13 August 2026 showed an EPS beat of $0.83 versus a $0.77 estimate but was followed by an 8.1% reaction, with average absolute reactions of 5% across the last eight quarters. Analyst consensus among 10 firms shows 7 buy and 3 hold ratings, with a consensus target of $39.54. Seasonally, the next 20 trading days have averaged a 4.2% return over 5 years, though gains occurred in only 2 of those years.

Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.

Price vs fair value

Close $26.92200-day averageGekko Fair Value $44.57

Key stats

Market cap
$37.79B
P/E ratio
17.9
Forward P/E
6.6
EPS, TTM
$1.49
Revenue, TTM
$1.31T
Profit margin
1.1%
Dividend yield
3.75%
Beta
0.34
Volume
6.34M avg 5.70M
1-year return
−23.6%
Typical daily move
±1.8%
Typical 20-day move
±7.8%
50-day average
$29.59
200-day average
$29.03
Next earnings
Nov 12 before open
Shares outstanding
1.35B
52-week range
$24.51$36.86

JD.com swing-trade checklist

JD.com scores 3 supportive, 2 mixed and 0 headwinds across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive2 mixed0 headwinds

  • Trendmixed

    Averages disagree

    Close $26.92 sits between the 50-day ($29.59) and 200-day ($29.03) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    67.6, Accumulation

    Reading 67.6 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    39.6% below

    Price is 39.6% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 53 days

    Next report Nov 12, 2026, 53 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitymixed

    +4.2% on average

    From this point in the calendar, the next 20 trading days averaged +4.2% over 5 years, rising in 2 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

JD.com stock chart and price history

JD.com closed at $26.92 on Sep 18, 2026, −23.6% over the past year, inside a 52-week range of $24.51 to $36.86.

Close50-day average200-day averageVolume

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−8.3%
3 months
−2.4%
6 months
−3.9%
1 year
−23.6%
The full JD chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open JD in Gekko

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Put JD on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

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About JD.com

JD.com sells goods directly to consumers through a retail operation built around its own supply chain and delivery network. Its product range spans computers, phones and other electronics, home appliances, groceries and fresh food, baby and household items, personal care and health products, and categories such as books, apparel, footwear and jewelry. The company is particularly associated with managing this range of goods through logistics it runs itself rather than relying solely on outside carriers.

Alongside direct retail, JD.com runs a marketplace where outside merchants sell to shoppers, and it offers marketing support and omni-channel tools that help both online sellers and physical stores reach customers. It also provides online healthcare services. On the infrastructure side, the company builds and operates its own warehouses and other logistics real estate, then rents out storage, asset management and integrated logistics services to other businesses. A further part of its work involves supply chain and logistics technology, plus data and operations services meant to help other companies and institutions handle digital transformation.

JD.com was incorporated in 2006 and is headquartered in Beijing, in the People's Republic of China. Its shares trade under the ticker JD.

Sector
Retail trade
Website
jd.com

JD.com GekkoIndex: the smart money zone

JD.com’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 67.6, in the Accumulation zone, down 1.6 points over five sessions.

010067.6Accumulation

Down 1.6 points over five sessions.

Reading for Sep 18, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying30+3.1%+5.1%+6.6%+4.4%
Accumulation (current zone)274+0.1%+0.2%+1.5%+6.9%
Neutral2720.0%+0.7%+1.2%−3.0%
Distribution33−0.5%−3.2%−6.8%−7.9%
Selling6Too few readings yet

Average JD share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the JD price, zone by zone.Track JD in Gekko

Is JD.com stock overvalued? Gekko Fair Value

JD.com trades 39.6% below Gekko Fair Value of $44.57, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what JD.com shares are worth, recalculated every trading day.

$44.57

Gekko Fair Value, Sep 19, 2026

39.6% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open JD in Gekko

JD.com insider and Congress trading

No open-market insider purchases were filed for JD.com, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for JD in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every JD insider filing, plotted on the chart in Gekko.Open JD in Gekko

Congress trades last 90 days

No trades in JD were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for JD, plotted on the chart in Gekko.Open JD in Gekko

Hedge funds and billionaires quarter ended Jun 30

2of the funds Gekko tracks hold JD.

0added0opened2trimmed2sold out
Which funds are on each side, name by name.Unlock in Gekko

JD.com earnings: next date and track record

JD.com reports on Nov 12, 2026, before the open (53 days away), and beat the EPS estimate in 7 of its last 8 reports.

7 of 8reports beat the EPS estimate
±5%average move across the report
2 of 8reports followed by a gain

Share-price move across each report

−1.9%Nov ’24−3.4%Mar ’25−0.9%May ’25−2.5%Aug ’25−6.2%Nov ’25+6.4%Mar ’26+10.6%May ’26−8.1%Aug ’26

Last earnings call, Aug 13, 2026 AI summary

What they said
JD.com's Q2 2026 earnings call emphasized a steady quarter with a notable inflection in profitability despite modest revenue headwinds. Management highlighted a 21% year-over-year rise in non-GAAP net income to RMB 8.9 billion, record retail gross and operating margins for peak promotional season, and a >50% year-on-year narrowing of losses at JD Food Delivery. Total revenue declined 2.9% year-over-year to RMB 346 billion due to a high comparison base and upstream price pressures in electronics and home appliances, while general merchandise and marketplace/marketing revenues showed resilience. Management pointed to continued user momentum (MAU, quarterly active customers, Plus members) and improved marketing efficiency. Strategic priorities included leveraging 1P supply-chain advantages, scaling Joybuy internationally with disciplined investment, expanding food-delivery synergies within the JD ecosystem, accelerating advertising monetization (AI-driven), and returning capital via buybacks (H1 repurchases of ~69.9M Class A shares / USD 1B). Management reiterated long-term margin targets (high single-digit for JD Retail) and expressed confidence in returning to positive top-line growth in H2 2026.
Guidance
Management guidance and forward-looking commentary: - Confident to return to positive top-line (revenue) growth in H2 2026 as category comparables normalize. - Corporate expectation for further profitability expansion in H2 driven by supply-chain efficiency, advertising monetization, and ongoing JD Food Delivery unit-economics improvement (expecting substantial narrowing of YoY losses in H2). - Long-term JD Retail margin target: high single-digit operating margin. - Advertising revenue: expected to accelerate in H2 with AI-driven improvements and favorable category mix. - Joybuy: continued disciplined investment; losses expected to improve as scale and unit economics develop. - Share repurchase program: remaining capacity under 3-year USD 5B program ≈ USD 1B.
Risks flagged
Risks and headwinds mentioned: - Macro and industry headwinds, including evolving macro dynamics. - High year-ago comparison (trade-in program) particularly impacting electronics and some general merchandise comparisons. - Upstream component/raw material price increases in consumer electronics adversely affecting demand. - Joybuy and international investments are early-stage and will require ongoing investment; unit economics are improving but remain a risk. - Continued need to balance investment in new businesses (international, lower-tier markets, on-demand retail) with ROI and group-level profitability.
ReportedEPSSurpriseRevenueSurpriseMove
Aug 13, 2026$0.83
est $0.77
+7.8%$50.98B
est $50.38B
+1.2%−8.1%
May 12, 2026$5.12
est $3.64
+40.7%$45.75B
est $45.16B
+1.3%+10.6%
Mar 5, 2026$0.57
est $2.33
−75.5%$50.36B
est $50.26B
+0.2%+6.4%
Nov 13, 2025$0.52
est $0.46
+13.0%$42.00B
est $49.69B
−15.5%−6.2%
Aug 14, 2025$0.69
est $0.50
+38.0%$49.74B
est $46.73B
+6.4%−2.5%
May 13, 2025$1.16
est $1.05
+10.5%$41.35B
est $40.31B
+2.6%−0.9%
Mar 6, 2025$7.42
est $6.07
+22.2%$47.52B
est $40.16B
+18.3%−3.4%
Nov 14, 2024$8.68
est $1.04
+734.6%−1.9%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

JD.com stock forecast and analyst price targets

Analysts’ average 12-month price target for JD.com is $39.54, +46.9% from the last close, from 10 firms rating the stock in the last 90 days.

$39.54consensus 12-month target, +46.9% from the last close
Low $27High $48.30
Buy7
Hold3
Sell0

Each firm’s latest rating in the last 90 days: 10 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 7Arete ResearchHold, downgraded$30+11.4%
Aug 17BarclaysBuy, maintained$41+52.3%
Aug 17Bank of America SecuritiesBuy, reiterated$38+41.2%
Aug 17SusquehannaHold, maintained$30+11.4%
Aug 14Mizuho SecuritiesBuy, maintained$39+44.9%
+1.5%average 20-day move after past Accumulation readings
+4.2%average move over the next 20 trading days in the last 5 years
±1.8%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

JD.com seasonality: the next 20 trading days

Over the next 20 trading days from Sep 19, JD.com averaged +4.2% across the last 5 years, rising in 2 of them.

Next 20 trading days, by year

+11.2%2021−21.8%2022−13.0%2023+35.2%2024−5.8%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+2.7%2 of 5
Next 10 trading days+8.2%2 of 5
Next 15 trading days+7.5%2 of 5
Next 20 trading days+4.2%2 of 5
Next 30 trading days+0.5%2 of 5

For scale, JD’s typical 20-trading-day move in either direction is about 7.8%.

JD.com market cap and key statistics

JD.com’s market cap is $37.79B, with a P/E ratio of 17.9 and revenue of $1.31T over the last twelve months.

Valuation

Market cap
$37.79B
P/E ratio
17.9
Forward P/E
6.6
EPS, TTM
$1.49
Gekko Fair Value
$44.57

Trading

Volume
6.34M
Avg volume, 20 days
5.70M
52-week high
$36.86
52-week low
$24.51
Shares outstanding
1.35B

Financials

Revenue, TTM
$1.31T
Profit margin
1.1%
Return on equity
6.8%
Quarterly earnings growth, YoY
+21.3%

Risk and income

Beta
0.34
Typical daily move
±1.8%
Typical 20-day move
±7.8%
Dividend yield
3.75%

JD.com stock news this week

Coverage of JD.com this week reads positive: 3 positive, 1 neutral and 0 negative headlines.

News sentiment positive

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JD.com stock FAQ

What is JD.com’s market cap?

JD.com’s market cap is $37.79B at the Sep 18, 2026 close of $26.92, with 1.35B shares outstanding. The shares trade on a P/E ratio of 17.9.

What is the JD.com stock forecast?

The consensus analyst 12-month price target for JD.com is $39.54, +46.9% from the last close. Of the 10 firms that rated the stock in the last 90 days, 7 rate it a buy, 3 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is JD.com stock overvalued or undervalued?

On Gekko’s estimate JD.com is undervalued: the Sep 18, 2026 close of $26.92 is 39.6% below Gekko Fair Value of $44.57. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does JD.com report earnings next?

JD.com is expected to report on Nov 12, 2026, before the market opens (53 days away). Analysts expect earnings of $0.97 per share on revenue of $46.48B. JD.com beat the earnings estimate in 7 of its last 8 reports, moving 5% on average across the report.

What is JD.com’s 52-week high and low?

JD.com’s 52-week high is $36.86 and its 52-week low is $24.51; it closed at $26.92 on Sep 18, 2026, −23.6% over the past year.

Is JD.com stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, fair value and earnings risk), 2 as mixed (trend and seasonality). The checklist is a description of current data, not a recommendation.

How this page works

Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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