PDD Stock Price, News & Analysis (NASDAQ:PDD)

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PDD in the last twelve months. There are currently 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PDD shares.
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11 Wall Street analysts have issued 1-year price objectives for PDD's stock. Their PDD share price targets range from $95.50 to $190.00. On average, they expect the company's share price to reach $126.12 in the next twelve months. This suggests that the stock has a possible downside of 13.2%.
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 shares have increased by 78.1% and is now trading at $145.27.
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The company is scheduled to release its next quarterly earnings announcement on Monday, March 18th 2024.
View our PDD earnings forecast.

PDD Holdings Inc. (NASDAQ:PDD) announced its earnings results on Tuesday, November, 28th. The company reported $11.61 EPS for the quarter, topping analysts' consensus estimates of $8.94 by $2.67. The business earned $68.84 billion during the quarter, compared to the consensus estimate of $55.18 billion. PDD had a net margin of 23.25% and a trailing twelve-month return on equity of 34.07%. PDD's revenue was up 93.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share.

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 & E-commerce ETF (EWEB), Matthews China Active ETF (MCH) and First Trust International Equity Opportunities 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 acted as the underwriters for the IPO and China Renaissance was co-manager.

PDD's stock is owned by a number of retail and institutional investors. Top institutional investors include SC US Ttgp LTD. (3.66%), Baillie Gifford & Co. (2.70%), FMR LLC (1.34%), IDG China Venture Capital Fund IV Associates L.P. (0.58%), Invesco Ltd. (0.56%) and Krane Funds Advisors LLC (0.44%).

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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