PDD (PDD) Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PDD in the last year. There are currently 12 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.

12 equities research analysts have issued twelve-month target prices for PDD's shares. Their PDD share price forecasts range from $95.50 to $140.00. On average, they expect the company's share price to reach $117.75 in the next year. This suggests a possible upside of 20.3% from the stock's current price.
View analysts price targets for PDD or view top-rated stocks among Wall Street analysts.

PDD's stock was trading at $81.55 at the beginning of the year. Since then, PDD stock has increased by 20.0% and is now trading at $97.90.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 27th 2023.
View our PDD earnings forecast.

PDD Holdings Inc. (NASDAQ:PDD) issued its quarterly earnings results on Tuesday, August, 29th. The company reported $10.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.30 by $3.17. The firm had revenue of $52.28 billion for the quarter, compared to analyst estimates of $43.39 billion. PDD had a net margin of 24.93% and a trailing twelve-month return on equity of 33.87%. The business's revenue for the quarter was up 66.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS.

ETFs with the largest weight of PDD (NASDAQ:PDD) stock in their portfolio include Emerging Markets Internet & Ecommerce ETF (EMQQ), Invesco Golden Dragon China ETF (PGJ), Invesco China Technology ETF (CQQQ), KraneShares CSI China Internet ETF (KWEB), Global X China Consumer ETF (CHIQ), Global X Emerging Markets Internet & Ecommerce ETF (EWEB), Matthews China Active ETF (MCH) and First Trust International IPO ETF (FPXI).

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 (IPO) 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."

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 $97.90.

PDD (NASDAQ:PDD) has a market capitalization of $129.19 billion and generates $18.93 billion in revenue each year. The company earns $4.57 billion in net income (profit) each year or $4.03 on an earnings per share basis.

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.