Pinduoduo - PDD Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PDD shares.
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11 brokerages have issued 1 year target prices for Pinduoduo's shares. Their PDD share price forecasts range from $48.00 to $107.00. On average, they predict the company's share price to reach $76.27 in the next year. This suggests a possible upside of 16.0% 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 12.8% and is now trading at $65.75.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 28th 2022.
View our PDD earnings forecast.

Pinduoduo Inc. (NASDAQ:PDD) released its quarterly earnings results on Monday, August, 29th. The company reported $7.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $7.27. The firm earned $4.69 billion during the quarter, compared to analyst estimates of $3.54 billion. Pinduoduo had a trailing twelve-month return on equity of 29.57% and a net margin of 18.88%. During the same period in the prior year, the firm 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 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 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 variety of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (2.28%), BlackRock Inc. (1.88%), Vanguard Group Inc. (1.18%), Hsbc Holdings PLC (0.57%), Krane Funds Advisors LLC (0.41%) and Canada Pension Plan Investment Board (0.41%).

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 $65.75.

Pinduoduo (NASDAQ:PDD) has a market capitalization of $81.44 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.