NASDAQ:PDD

PDD (PDD) Stock Forecast, Price & News

$69.54

+0.45 (+0.65%)

(As of 06/2/2023 ET)

Compare

Today's Range: $69.37
▼
$72.00
50-Day Range: $60.02
▼
$76.44
52-Week Range: $38.80
▼
$106.38

Volume: 11.49 million shs
Average Volume: 10.44 million shs
Market Capitalization: N/A

P/E Ratio: 18.69
Dividend Yield: N/A
Price Target: $105.64

PDD MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.91 Rating Score
Upside/Downside: 51.9% Upside
$105.64 Price Target
Short Interest: Healthy
Dividend Strength: N/A
Sustainability: -1.41
Upright™ Environmental Score
News Sentiment: 0.50
Based on 33 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 36.64%
From $3.33 to $4.55 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.79 out of 5 stars

4.5

Analyst's Opinion

Consensus Rating
PDD has received a consensus rating of Buy. The company's average rating score is 2.91, and is based on 10 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $105.64, PDD has a forecasted upside of 51.9% from its current price of $69.54.
Amount of Analyst Coverage
PDD has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
PDD has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PDD has recently decreased by 2.24%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
PDD does not currently pay a dividend.
Dividend Growth
PDD does not have a long track record of dividend growth.

2.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
PDD has received a 6.19% net impact score from Upright. Pinduoduo seems to create the most significant positive value in categories "Taxes", "Meaning & joy", and "Jobs". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "E-commerce video software", "E-commerce search software", and "E-commerce platform software" products. See details.
Environmental Sustainability
The Environmental Impact score for PDD is -1.41.

3.1

News and Social Media Coverage

News Sentiment
PDD has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 33 news articles for PDD this week, compared to 6 articles on an average week.
Search Interest
42 people have searched for PDD on MarketBeat in the last 30 days. This is an increase of 11% compared to the previous 30 days.
MarketBeat Follows
16 people have added PDD to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PDD insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.70% of the stock of PDD is held by insiders.
Percentage Held by Institutions
Only 24.24% of the stock of PDD is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for PDD are expected to grow by 36.64% in the coming year, from $3.33 to $4.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PDD is 18.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.81.
Price to Earnings Ratio vs. Sector
The P/E ratio of PDD is 18.69, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 31.77.
Price to Earnings Growth Ratio
PDD has a PEG Ratio of 1.07. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
PDD has a P/B Ratio of 5.05. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PDD (NASDAQ:PDD) Stock

PDD Holdings, Inc. is a multinational commerce group that owns and operates a portfolio of businesses. The company aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from increased productivity and new opportunities. It has built a network of sourcing, logistics, and fulfillment capabilities, that support its underlying businesses. The company was founded by Hua Lin Cai and Zheng Huang on April 20, 2015 and is headquartered in Dublin, Ireland.

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PDD Stock News Headlines

May 31, 2023 | marketbeat.com

Is This the Right Time to Invest in Alibaba? (PDD)

Without the ability to turn significant profits, Alibaba is struggling. Fortunately, the industry as a whole is facing challenges, so watch the sector closely.

May 30, 2023 | marketbeat.com

Can PDD Holdings' Temu Rival Shein? A $22 Billion Opportunity

Chinese ecommerce giant PDD Holdings looks to make a splash in the international market by challenging fast fashion app Shein for dominance.

June 4, 2023 | Behind the Markets (Ad)

Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software"

Denver firm proves its possible to use AI to save the lives of soldiers in combat. England, Germany, Japan and Australia have all signed contracts within the past 18 months. Get the name of the stock here >>>

May 19, 2023 | marketbeat.com

Alibaba: Could This Be The Year Of The Dragon (PDD)

Even though many of their headwinds have yet to dissipate fully, there's a growing sense that Alibaba is a sleeping giant that could soon be waking up.

May 4, 2023 | marketbeat.com

3 Underperforming Nasdaq 100 Stocks Worth a Closer Look (PDD)

Given the volatility and growth potential associated with the Nasdaq’s elite, investors may want to keep these recent underperformers on the watch list.

June 4, 2023 | msn.com

PDD Holdings: Internal Competitive Culture Can Fend Off External Competitors

June 3, 2023 | americanbankingnews.com

500.com Reaffirms "Maintains" Rating for PDD (NASDAQ:PDD)

June 2, 2023 | benzinga.com

ROSEN, LEADING LAW FIRM, Encourages PDD Holdings Inc. f/k/a Pinduoduo Inc. Investors to Inquire About Securities Class Action Investigation - PDD

June 4, 2023 | Behind the Markets (Ad)

Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software"

June 1, 2023 | msn.com

Here's Why PDD Holdings Shares Are Rising

June 1, 2023 | markets.businessinsider.com

DBS Keeps Their Buy Rating on Pinduoduo (PDD)

May 31, 2023 | 247wallst.com

Unusual Put Option Trade in PDD ADR Worth $6,065.94K

May 31, 2023 | msn.com

Why PDD Holdings Stock Is Trading Sharply Lower

May 31, 2023 | msn.com

Where PDD Holdings Stands With Analysts

May 31, 2023 | markets.businessinsider.com

Barclays Sticks to Its Buy Rating for Pinduoduo (PDD)

May 31, 2023 | americanbankingnews.com

PDD (NASDAQ:PDD) PT Raised to $103.00 at Barclays

May 31, 2023 | americanbankingnews.com

PDD (NASDAQ:PDD) Price Target Increased to $105.00 by Analysts at Citigroup

May 31, 2023 | americanbankingnews.com

PDD (NASDAQ:PDD) Price Target Increased to $97.00 by Analysts at Bank of America

May 31, 2023 | americanbankingnews.com

PDD (NASDAQ:PDD) Price Target Increased to $110.00 by Analysts at Nomura

May 31, 2023 | msn.com

Unusual Put Option Trade in PDD Holdings Inc - ADR (PDD) Worth $6,065.94K

May 30, 2023 | markets.businessinsider.com

Citigroup Maintains Buy Rating for PDD Holdings: Here's What You Need To Know

May 30, 2023 | finance.yahoo.com

Is It Too Late to Buy Pinduoduo (PDD) Stock?

May 30, 2023 | americanbankingnews.com

Benchmark Boosts PDD (NASDAQ:PDD) Price Target to $125.00

May 30, 2023 | markets.businessinsider.com

PDD Holdings (NASDAQ:PDD): Website Traffic Hinted at Solid Q1 Earnings

May 30, 2023 | markets.businessinsider.com

PDD Holdings Gets Price Target Hikes By Analysts Following Better-Than-Expected Q1 Results

May 29, 2023 | markets.businessinsider.com

Bernstein Remains a Buy on Pinduoduo (PDD)

May 29, 2023 | americanbankingnews.com

PDD (NASDAQ:PDD) Given New $79.00 Price Target at Jefferies Financial Group

See More Headlines

PDD Price History

30 days | 90 days | 365 days | Advanced Chart

PDD Company Calendar

Last Earnings: 3/20/2023
Today: 6/04/2023
Next Earnings (Estimated): 9/04/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Sector: Retail/Wholesale
Current Symbol: NASDAQ:PDD
CUSIP: N/A
CIK: 1737806
Web: www.pinduoduo.com
Phone: (531) 539-7938
Fax: N/A
Employees: 12,992
Year Founded: 2015

Price Target and Rating

Average Stock Price Forecast: $105.64
High Stock Price Forecast: $125.00
Low Stock Price Forecast: $79.00
Forecasted Upside/Downside: +51.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.91
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.72
Trailing P/E Ratio: 18.69
Forward P/E Ratio: 20.88
P/E Growth: 1.07
Net Income: $4.57 billion
Net Margins: 25.63%
Pretax Margin: 29.48%
Return on Equity: 34.10%
Return on Assets: 17.17%

Debt

Debt-to-Equity Ratio: 0.01
Current Ratio: 1.94
Quick Ratio: 1.85

Sales & Book Value

Annual Sales: $18.93 billion
Price / Sales: N/A
Cash Flow: $4.04 per share
Price / Cash Flow: 17.20
Book Value: $13.78 per share
Price / Book: 5.05

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Optionable
Beta: 0.74

Social Links

Key Executives

Lei Chen
Chairman & Co-Chief Executive Officer

Jiazhen Zhao
Co-Chief Executive Officer & Executive Director

Jun Yun Xiao
Senior Vice President-Operation

Jun Liu
Vice President-Finance

Jian Chong Zhu
General Counsel & Senior Vice President

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

PDD Stock - Frequently Asked Questions

Should I buy or sell PDD stock right now?: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PDD in the last year. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PDD shares.
View PDD analyst ratings or view top-rated stocks.
What is PDD's stock price forecast for 2023?: 11 Wall Street research analysts have issued 1-year target prices for PDD's shares. Their PDD share price forecasts range from $79.00 to $125.00. On average, they predict the company's share price to reach $105.64 in the next twelve months. This suggests a possible upside of 51.9% from the stock's current price.
View analysts price targets for PDD or view top-rated stocks among Wall Street analysts.
How have PDD shares performed in 2023?: PDD's stock was trading at $81.55 at the start of the year. Since then, PDD shares have decreased by 14.7% and is now trading at $69.54.
View the best growth stocks for 2023 here.
When is PDD's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, September 4th 2023.
View our PDD earnings forecast.
How were PDD's earnings last quarter?: PDD Holdings Inc. (NASDAQ:PDD) announced its quarterly earnings data on Monday, March, 20th. The company reported $8.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $7.34. The business had revenue of $39.82 billion for the quarter, compared to analyst estimates of $40.74 billion. PDD had a net margin of 25.63% and a trailing twelve-month return on equity of 34.10%. The firm's revenue was up 46.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS.
What ETFs hold PDD's stock?: ETFs with the largest weight of PDD (NASDAQ:PDD) stock in their portfolio include First Trust International IPO ETF (FPXI), Invesco Golden Dragon China ETF (PGJ), Global X Emerging Markets Internet & Ecommerce ETF (EWEB), Invesco China Technology ETF (CQQQ), Global X China Consumer ETF (CHIQ), Matthews China Active ETF (MCH), Emerging Markets Internet & Ecommerce ETF (EMQQ) and KraneShares CSI China Internet ETF (KWEB).

What other stocks do shareholders of PDD own?: Based on aggregate information from My MarketBeat watchlists, some companies that other PDD investors own include Alibaba Group (BABA), NVIDIA (NVDA), JD.com (JD), Advanced Micro Devices (AMD), Micron Technology (MU), Netflix (NFLX), Block (SQ), Tesla (TSLA), Walt Disney (DIS) and Salesforce (CRM).
When did PDD IPO?: (PDD) raised $1.5 billion in an initial public offering on Thursday, July 26th 2018. The company issued 85,600,000 shares at $16.00-$19.00 per share. Credit Suisse, Goldman Sachs (Asia) and CICC served as the underwriters for the IPO and China Renaissance was co-manager.
What is PDD's stock symbol?: PDD trades on the NASDAQ under the ticker symbol "PDD."
Who are PDD's major shareholders?: PDD's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (2.28%), BlackRock Inc. (2.01%), Hhlr Advisors LTD. (0.86%), FMR LLC (0.75%), Susquehanna International Group LLP (0.00%) and Assenagon Asset Management S.A. (0.00%).
How do I buy shares of PDD?: Shares of PDD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is PDD's stock price today?: One share of PDD stock can currently be purchased for approximately $69.54.
How many employees does PDD have?: The company employs 12,992 workers across the globe.
How can I contact PDD?: PDD's mailing address is 28/F NO. 533 LOUSHANGUAN ROAD CHANGNING DISTRICT, SHANGHAI F4, 200051. The official website for the company is www.pinduoduo.com. The company can be reached via phone at (531) 539-7938 or via email at investor@pinduoduo.com.

This page (NASDAQ:PDD) was last updated on 6/4/2023 by MarketBeat.com Staff

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PDD (PDD) Stock Forecast, Price & News

PDD MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About PDD (NASDAQ:PDD) Stock

PDD Stock News Headlines

PDD Price History

PDD Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

PDD Stock - Frequently Asked Questions

Overall MarketRank^™