Pinduoduo Stock Forecast, Price & News

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last year. There are currently 6 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Pinduoduo stock.
View analyst ratings for Pinduoduo or view top-rated stocks.

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Pinduoduo is scheduled to release its next quarterly earnings announcement on Wednesday, March 10th 2021.
View our earnings forecast for Pinduoduo.

Pinduoduo Inc. (NASDAQ:PDD) posted its quarterly earnings data on Thursday, November, 12th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.24) by $0.57. The business had revenue of $14.21 billion for the quarter, compared to analysts' expectations of $12.31 billion. Pinduoduo had a negative net margin of 17.10% and a negative trailing twelve-month return on equity of 28.77%. The business's quarterly revenue was up 89.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.44) EPS.
View Pinduoduo's earnings history.

Pinduoduo's stock was trading at $35.06 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PDD shares have increased by 411.5% and is now trading at $179.32.
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20 equities research analysts have issued 12-month price objectives for Pinduoduo's shares. Their forecasts range from $38.00 to $210.00. On average, they anticipate Pinduoduo's stock price to reach $121.50 in the next year. This suggests that the stock has a possible downside of 32.2%.
View analysts' price targets for Pinduoduo or view top-rated stocks among Wall Street analysts.

Some companies that are related to Pinduoduo include Alibaba Group (BABA), Visa (V), Mastercard (MA), PayPal (PYPL), Accenture (ACN), Uber Technologies (UBER), Fidelity National Information Services (FIS), MercadoLibre (MELI), NetEase (NTES), Global Payments (GPN), Zillow Group (ZG), eBay (EBAY), Zillow Group (Z), MSCI (MSCI) and CoStar Group (CSGP).
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 many different institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (2.28%), FMR LLC (1.46%), Tiger Global Management LLC (1.26%), Hillhouse Capital Advisors LTD. (0.92%), IDG China Venture Capital Fund IV Associates L.P. (0.75%) and Renaissance Technologies LLC (0.64%).

PDD stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Anatole Investment Management Ltd, IDG China Venture Capital Fund IV Associates L.P., Assenagon Asset Management S.A., Anglepoint Asset Management LTD., WT Asset Management Ltd, Credit Suisse AG, and Krane Funds Advisors LLC.

PDD stock was purchased by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, FMR LLC, Northern Trust Corp, Baillie Gifford & Co., Aspex Management HK Ltd, Yong Rong HK Asset Management Ltd, Trivest Advisors Ltd, and Linden Rose Investment LLC.

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 $179.32.

Pinduoduo has a market capitalization of $199.75 billion and generates $4.33 billion in revenue each year. The company earns $-1,000,830,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis.

Pinduoduo employs 5,828 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 86-21-5266-1300 or via email at [email protected]