Pinduoduo - PDD Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PDD shares.
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11 equities research analysts have issued 12 month target prices for Pinduoduo's stock. Their PDD share price forecasts range from $48.00 to $107.00. On average, they predict the company's stock price to reach $76.73 in the next year. This suggests a possible upside of 20.4% from the stock's current price.
View analysts price targets for PDD or view top-rated stocks among Wall Street analysts.

Pinduoduo's stock was trading at $58.30 at the beginning of 2022. Since then, PDD stock has increased by 9.3% and is now trading at $63.72.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 25th 2022.
View our PDD earnings forecast.

Pinduoduo Inc. (NASDAQ:PDD) issued its quarterly earnings data on Monday, August, 29th. The company reported $7.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $7.27. The company had revenue of $4.69 billion for the quarter, compared to analysts' expectations of $3.54 billion. Pinduoduo had a net margin of 18.88% and a trailing twelve-month return on equity of 29.57%. During the same period in the previous year, the business posted $0.33 earnings per share.

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), Block (SQ), Tesla (TSLA), Walt Disney (DIS) and Salesforce (CRM).

(PDD) raised $1.5 billion in an 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.

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

Pinduoduo's stock is owned by many different institutional and retail investors. Top institutional shareholders include Gulf International Bank UK Ltd (0.01%).

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 $63.72.

Pinduoduo (NASDAQ:PDD) has a market capitalization of $78.93 billion and generates $14.74 billion in revenue each year. The company earns $1.22 billion in net income (profit) each year or $2.13 on an earnings per share basis.

The company employs 9,762 workers across the globe.

Pinduoduo'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 862152661300 or via email at investor@pinduoduo.com.