JD.com Inc (NASDAQ:JD) will be reporting its third-quarter earnings on Thursday. Wall Street expects $1.06 in earnings per share and $37 billion in revenues as the company reports before market hours.
The stock is up 40.19% over the past year, 32.72% year-to-date.
Ahead of JD's upcoming earnings release, Mizuho has raised its price target on the stock from $35 to $43, maintaining an Outperform rating. Despite China's recent stimulus measures sparking some optimism, Mizuho notes that structural challenges—like high unemployment and real estate woes—continue to weigh on Asia's internet sector.
Adding to the cautious tone, the potential for increased tariffs is adding uncertainty to the outlook.
Read Also: China's Stimulus Plan Not Enough To Ignite Stocks
Let's look at what the charts indicate for JD stock and how the stock currently maps against Wall Street estimates.
JD Stock Chart Bearish Ahead Of Q3 Earnings
JD stock appears to be facing substantial bearish momentum as its price of $36.60 sits below the five, 20 and 50-day exponential moving averages, underscoring a strong downtrend.
Chart created using Benzinga Pro
With the eight-day simple moving average at $38.73 and the 20-day SMA at $39.59, JD stock's ongoing pressure could signal further risk of downside.
Additionally, the 50-day SMA at $37.05 reinforces the challenging technical landscape for JD stock in the near term.
However, the 200-day SMA, well below at $29.64, hints at some underlying resilience. The MACD stands at a negative 0.17 suggesting that momentum continues to be bearish. With an RSI of 42.43, and declining, the stock is approaches oversold territory, which could attract bargain hunters if sentiment stabilizes.
JD Analysts See 35% Upside
Ratings & Consensus Estimates: The consensus analyst rating on JD stock stands at a Buy currently with a price target of $43.76. The latest analyst ratings from Loop Capital, Barclays and JPMorgan imply a 34.79% upside for JD stock, with an average price target of $49.33.
Analysts and investors are particularly focused on JD's revenue growth, net profit momentum, gross merchandise volume (GMV), and any potential share buyback announcements, all of which could influence JD's near-term trajectory.
JD Price Action: JD stock closed the trading day Tuesday at $36.10, down 7.48%.
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