PDD (NASDAQ:PDD) Price Target Lowered to $114.00 at Benchmark

Key Points

• Benchmark lowered its price target for PDD from $127 to $114 but maintained a “Buy” rating, implying roughly 30.5% upside from the stock’s $87.34 price.
• Analyst sentiment is mixed: PDD has a consensus “Hold” rating and an average target of $117.38, with recent downgrades from Barclays, Zacks Research, and BNP Paribas Exane.
• PDD’s latest earnings beat expectations on EPS at $2.84, but revenue of $16.54 billion fell short of estimates and net profit declined year over year amid intense competition and regulatory challenges.

PDD (NASDAQ:PDD - Get Free Report) had its target price dropped by Benchmark from $127.00 to $114.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Benchmark's price target points to a potential upside of 30.52% from the company's current price.

A number of other research analysts have also commented on PDD. Daiwa Securities Group reaffirmed a "hold" rating and set a $80.00 price objective on shares of PDD in a research report on Tuesday, June 23rd. The Goldman Sachs Group restated a "buy" rating on shares of PDD in a research note on Thursday, May 28th. Barclays downgraded PDD from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $165.00 to $89.00 in a research report on Thursday, May 28th. Zacks Research lowered PDD from a "hold" rating to a "strong sell" rating in a report on Monday, July 27th. Finally, BNP Paribas Exane assumed coverage on PDD in a research report on Monday, June 15th. They set an "underperform" rating and a $89.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $117.38.

PDD Stock Up 0.3%

PDD stock traded up $0.28 during trading hours on Tuesday, hitting $87.34. The company's stock had a trading volume of 1,626,026 shares, compared to its average volume of 8,062,231. The company has a market capitalization of $124.33 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.72 and a beta of 0.01. PDD has a 12 month low of $71.94 and a 12 month high of $139.41. The stock has a 50 day moving average price of $84.58 and a two-hundred day moving average price of $93.44.

PDD (NASDAQ:PDD - Get Free Report) last posted its earnings results on Monday, August 24th. The company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.73 by $0.11. PDD had a net margin of 21.86% and a return on equity of 24.32%. The firm had revenue of $16.54 billion for the quarter, compared to the consensus estimate of $16.94 billion. During the same period in the prior year, the business posted $22.07 earnings per share. The business's quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts expect that PDD will post 9.7 earnings per share for the current year.

Institutional Trading of PDD

A number of large investors have recently bought and sold shares of PDD. Geode Capital Management LLC grew its holdings in shares of PDD by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 6,759,780 shares of the company's stock worth $761,720,000 after purchasing an additional 359,921 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. boosted its position in PDD by 125.4% in the fourth quarter. Dymon Asia Capital Singapore PTE. LTD. now owns 64,917 shares of the company's stock valued at $7,361,000 after buying an additional 36,122 shares in the last quarter. Wasatch Advisors LP bought a new stake in PDD during the second quarter worth about $3,658,000. Jupiter Asset Management Ltd. grew its stake in PDD by 721.4% during the fourth quarter. Jupiter Asset Management Ltd. now owns 180,704 shares of the company's stock worth $20,490,000 after buying an additional 158,704 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of PDD during the fourth quarter worth approximately $24,192,000. 39.83% of the stock is currently owned by institutional investors.

PDD News Summary

Here are the key news stories impacting PDD this week:

• Positive Sentiment: Adjusted earnings were approximately $2.84–$2.85 per ADS, above or in line with analyst expectations near $2.73–$2.85. The result helped support the shares despite weaker-than-expected revenue. PDD Holdings earnings report
• Positive Sentiment: PDD reported quarterly revenue of $16.54 billion, up about 8.1% year over year, while maintaining a net margin of 21.86%. Analysts also highlighted the company’s substantial cash position—estimated at more than half of its market capitalization—as a balance-sheet strength. PDD Holdings cash analysis
• Neutral Sentiment: Management continues investing in e-commerce infrastructure and artificial intelligence to improve product discovery, merchant conversion and transactions across its domestic and international platforms. These investments could support longer-term growth but may limit near-term profit expansion. PDD Holdings Q2 earnings call transcript
• Negative Sentiment: Revenue fell short of consensus estimates of roughly $16.9 billion, and net profit declined about 12% year over year. Management cited aggressive price competition in China, particularly from domestic rivals, as well as regulatory challenges affecting international operations such as Temu. Reuters PDD quarterly revenue report

About PDD

PDD NASDAQ: PDD is the holding company best known for operating Pinduoduo, a China-based, mobile-first e-commerce platform that emphasizes interactive, social shopping and group-buying mechanics to drive user engagement and low prices. Founded in 2015 by entrepreneur Colin Huang, the business has grown by connecting consumers directly with merchants and manufacturers, with particular emphasis on value-oriented goods and fresh agricultural produce. The company is based in Shanghai and completed a U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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