PDD (NASDAQ:PDD - Get Free Report) will likely be announcing its Q4 2024 earnings results before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of $2.56 per share and revenue of $115.77 billion for the quarter.
PDD Stock Performance
PDD stock traded down $4.33 during mid-day trading on Friday, hitting $126.59. 10,051,601 shares of the company were exchanged, compared to its average volume of 10,465,568. PDD has a 1-year low of $88.01 and a 1-year high of $164.69. The stock has a market capitalization of $174.18 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.32 and a beta of 0.69. The business has a 50 day simple moving average of $115.12 and a 200-day simple moving average of $112.92. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of PDD from $105.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday. Jefferies Financial Group reduced their target price on PDD from $171.00 to $156.00 and set a "buy" rating on the stock in a report on Thursday. Benchmark reiterated a "buy" rating and issued a $160.00 target price on shares of PDD in a research report on Friday. Dbs Bank cut PDD from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 22nd. Finally, Nomura reaffirmed a "neutral" rating and issued a $130.00 price objective (down from $137.00) on shares of PDD in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $169.91.
Check Out Our Latest Analysis on PDD
About PDD
(
Get Free Report)
PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace.
Featured Stories
Before you consider PDD, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PDD wasn't on the list.
While PDD currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
