PDD (PDD) Stock Forecast, Price & News

11 Wall Street 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 research analysts is that investors should "buy" PDD shares.
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11 Wall Street analysts have issued twelve-month target prices for PDD's stock. Their PDD share price forecasts range from $93.00 to $122.00. On average, they predict the company's stock price to reach $104.89 in the next year. This suggests a possible upside of 46.9% from the stock's current price.
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PDD's stock was trading at $81.55 at the start of the year. Since then, PDD shares have decreased by 12.4% and is now trading at $71.42.
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The company is scheduled to release its next quarterly earnings announcement on Monday, September 4th 2023.
View our PDD earnings forecast.

PDD Holdings Inc. (NASDAQ:PDD) issued its quarterly earnings data on Monday, March, 20th. The company reported $8.34 earnings per share for the quarter, topping the consensus estimate of $1.00 by $7.34. The business earned $39.82 billion during the quarter, compared to analyst estimates of $40.74 billion. PDD had a net margin of 23.93% and a trailing twelve-month return on equity of 32.10%. PDD's revenue for the quarter was up 46.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS.

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).

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).

(PDD) raised $1.5 billion in an initial public offering on Thursday, July 26th 2018. The company issued 85,600,000 shares at a price of $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.

PDD trades on the NASDAQ under the ticker symbol "PDD."

PDD's stock is owned by a number of retail and institutional investors. Top institutional investors 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%).

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.
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One share of PDD stock can currently be purchased for approximately $71.42.

The company employs 12,992 workers across the globe.

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.