Pinduoduo Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Pinduoduo stock.
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11 equities research analysts have issued twelve-month price objectives for Pinduoduo's stock. Their PDD stock forecasts range from $45.00 to $148.00. On average, they predict Pinduoduo's stock price to reach $68.67 in the next year. This suggests a possible upside of 5.9% from the stock's current price.
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Pinduoduo's stock was trading at $58.30 at the start of the year. Since then, PDD stock has increased by 11.2% and is now trading at $64.82.
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Pinduoduo is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our earnings forecast for Pinduoduo.

Pinduoduo Inc. (NASDAQ:PDD) announced its quarterly earnings results on Friday, May, 27th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.03. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.32 billion. Pinduoduo had a trailing twelve-month return on equity of 22.63% and a net margin of 13.91%. During the same quarter last year, the company posted ($0.36) earnings per share.
View Pinduoduo's earnings history.

Some companies that are related to Pinduoduo include Alibaba Group (BABA), Mastercard (MA), Accenture (ACN), PayPal (PYPL), Fiserv (FISV), Fidelity National Information Services (FIS), Relx (RELX), Uber Technologies (UBER), MSCI (MSCI), MercadoLibre (MELI), Global Payments (GPN), CoStar Group (CSGP), eBay (EBAY), DoorDash (DASH) and Broadridge Financial Solutions (BR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Pinduoduo investors own include Alibaba Group (BABA), NVIDIA (NVDA), JD.com (JD), Advanced Micro Devices (AMD), Micron Technology (MU), Netflix (NFLX), Square (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.

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

Shares of PDD 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 $64.82.

Pinduoduo (NASDAQ:PDD) has a market capitalization of $80.29 billion and generates $14.74 billion in revenue each year. The company earns $1.22 billion in net income (profit) each year or $1.47 on an earnings per share basis.

Pinduoduo employs 9,762 workers across the globe.

Pinduoduo was founded in 2015.

Pinduoduo's mailing address is 28/F NO. 533 LOUSHANGUAN ROAD CHANGNING DISTRICT, SHANGHAI F4, 200051. The official website for Pinduoduo is www.pinduoduo.com. The company can be reached via phone at 862152661300 or via email at investor@pinduoduo.com.