Pinduoduo - PDD Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PDD shares.
View PDD analyst ratings or view top-rated stocks.

13 analysts have issued 12 month target prices for Pinduoduo's shares. Their PDD share price forecasts range from $48.00 to $122.00. On average, they anticipate the company's share price to reach $84.27 in the next year. This suggests that the stock has a possible downside of 6.1%.
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 start of the year. Since then, PDD stock has increased by 53.9% and is now trading at $89.71.
View the best growth stocks for 2022 here.

Pinduoduo Inc. (NASDAQ:PDD) announced its quarterly earnings data on Monday, August, 23rd. The company reported $2.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $3.07. The company earned $23.05 billion during the quarter, compared to the consensus estimate of $26.53 billion. Pinduoduo had a trailing twelve-month return on equity of 34.80% and a net margin of 24.08%. The firm's revenue for the quarter was up 89.0% on a year-over-year basis.

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 $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 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.
Compare Top Brokerages Here.

One share of PDD stock can currently be purchased for approximately $89.71.

Pinduoduo (NASDAQ:PDD) has a market capitalization of $111.12 billion and generates $14.74 billion in revenue each year. The company earns $1.22 billion in net income (profit) each year or $2.98 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.