Susquehanna lowered its JD.com price target to $30.00 from $35.00. The firm maintained a Neutral rating on the stock. Second-quarter revenue fell 3% year-over-year. This performance marks a deceleration from the 5% growth recorded in the first quarter. Weakness in the electronics and home appliances category pressured overall revenue.
JD.com reported second-quarter earnings of 6.29 yuan per American depositary share. This result exceeded consensus estimates by 12%. Bernstein SocGen Group and Benchmark reiterated Buy ratings, noting that the earnings recovery remains on track. Management expects growth to reaccelerate later this year. Mizuho maintained an Outperform rating but slightly lowered its target due to subdued electronics demand.