US Stock Market Move | JD.com, Inc. Sponsored ADR Class A (JD.US) rose more than 6% on higher-than-expected second-quarter earnings.

On Wednesday, JD.com, Inc. Sponsored ADR Class A (JD.US) rose more than 6%, to $33.61. The financial report showed that in the first quarter, JD.com, Inc. Sponsored ADR Class A achieved revenue of 315.7 billion yuan (about 45.8 billion US dollars), higher than the market's estimate of 311.43 billion yuan. Adjusted earnings per ADS reached 5.12 yuan, significantly better than the market's expectation of 3.57 yuan. Adjusted EBITDA was 80.2 billion yuan, far exceeding the estimated value of 44.6 billion yuan, demonstrating outstanding profitability. JPMorgan Chase maintained its target price for JD.com, Inc. Sponsored ADR Class A US stocks at $38, corresponding to a 9x 2027 expected P/E ratio (three-year average), equivalent to an 11x 2026 expected P/E ratio. In comparison, most Chinese e-commerce peers are currently valued at less than 10 times. JPMorgan Chase stated that JD.com, Inc. Sponsored ADR Class A's current 8x 2027 expected P/E ratio implies that the market's pricing for the profit improvement trend is insufficient, and there is upward potential for both market consensus and JPMorgan Chase's own profit forecasts.