Pinduoduo Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last year. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Pinduoduo stock.
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Pinduoduo is scheduled to release its next quarterly earnings announcement on Friday, August 20th 2021.
View our earnings forecast for Pinduoduo.

Pinduoduo Inc. (NASDAQ:PDD) posted its quarterly earnings data on Tuesday, May, 25th. The company reported ($1.52) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.68) by $0.84. The business earned $3.38 billion during the quarter, compared to analysts' expectations of $3.15 billion. Pinduoduo had a negative trailing twelve-month return on equity of 13.24% and a negative net margin of 7.96%.
View Pinduoduo's earnings history.

Pinduoduo's stock was trading at $35.06 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PDD stock has increased by 153.6% and is now trading at $88.91.
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17 equities research analysts have issued 1 year price targets for Pinduoduo's shares. Their forecasts range from $89.00 to $210.00. On average, they expect Pinduoduo's share price to reach $159.47 in the next year. This suggests a possible upside of 79.4% from the stock's current price.
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Some companies that are related to Pinduoduo include Mastercard (MA), PayPal (PYPL), Accenture (ACN), Fidelity National Information Services (FIS), Uber Technologies (UBER), MercadoLibre (MELI), Relx (RELX), MSCI (MSCI), Global Payments (GPN), DiDi Global (DIDI), eBay (EBAY), CoStar Group (CSGP), Zillow Group (ZG), Zillow Group (Z) and Etsy (ETSY).
View all of PDD's competitors.

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), The Walt Disney (DIS) and salesforce.com (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."

Pinduoduo's stock is owned by a number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (2.22%), Fisher Asset Management LLC (0.29%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Tybourne Capital Management HK Ltd. (0.15%), Veritas Asset Management LLP (0.11%) and Growth Interface Management LLC (0.07%).

PDD stock was sold by a variety of institutional investors in the last quarter, including Yong Rong HK Asset Management Ltd, Fisher Asset Management LLC, AIA Group Ltd, Cutler Group LP, Linden Rose Investment LLC, Panview Asian Equity Master Fund, New York State Common Retirement Fund, and E Fund Management Hong Kong Co. Ltd..

PDD stock was purchased by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Baillie Gifford & Co., Tybourne Capital Management HK Ltd., Growth Interface Management LLC, Veritas Asset Management LLP, Mass General Brigham Inc, Ardevora Asset Management LLP, and IvyRock Asset Management HK Ltd.

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 $88.91.

Pinduoduo has a market capitalization of $110.13 billion and generates $9.12 billion in revenue each year. The company earns $-1,100,340,000.00 in net income (profit) each year or ($0.92) on an earnings per share basis.

Pinduoduo employs 7,986 workers across the globe.

Pinduoduo was founded in 2015.

The official website for Pinduoduo is www.pinduoduo.com.

Pinduoduo is headquartered at 28/F NO. 533 LOUSHANGUAN ROAD CHANGNING DISTRICT, SHANGHAI F4, 200051.

Pinduoduo's mailing address is 28/F NO. 533 LOUSHANGUAN ROAD CHANGNING DISTRICT, SHANGHAI F4, 200051. The company can be reached via phone at 862152661300 or via email at [email protected]