NASDAQ:PDDPinduoduo Stock Price, Forecast & News

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. Since then, PDD shares have increased by 165.3% and is now trading at $93.00. View which stocks have been most impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last year. There are currently 2 sell ratings, 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Pinduoduo.

Pinduoduo is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020. View our earnings forecast for Pinduoduo.

Pinduoduo Inc (NASDAQ:PDD) announced its quarterly earnings results on Friday, May, 22nd. The company reported ($2.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.34) by $2.39. The business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $5.21 billion. Pinduoduo had a negative return on equity of 37.60% and a negative net margin of 28.48%. The company's revenue for the quarter was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.20) EPS. View Pinduoduo's earnings history.

16 analysts have issued twelve-month target prices for Pinduoduo's stock. Their forecasts range from $20.48 to $116.00. On average, they expect Pinduoduo's share price to reach $64.15 in the next year. This suggests that the stock has a possible downside of 31.0%. View analysts' price targets for Pinduoduo.

News headlines about PDD stock have trended somewhat negative on Friday, according to InfoTrie Sentiment. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Pinduoduo earned a news impact score of -1.7 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Pinduoduo.

Some companies that are related to Pinduoduo include Visa (V), Mastercard (MA), Paypal (PYPL), Accenture (ACN), Fidelity National Information Servcs (FIS), NetEase (NTES), Global Payments (GPN), Mercadolibre (MELI), eBay (EBAY), Msci (MSCI), CoStar Group (CSGP), FleetCor Technologies (FLT), Akamai Technologies (AKAM), Ctrip.Com International (CTRP) and Trip.com Group (TCOM). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Pinduoduo investors own include Alibaba Group (BABA), JD.Com (JD), NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), Netflix (NFLX), Tesla (TSLA), Square (SQ), IQIYI (IQ) and Baidu (BIDU).

(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 acted as the underwriters for the IPO and China Renaissance was co-manager.

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

Shares of PDD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PDD stock can currently be purchased for approximately $93.00.

Pinduoduo has a market capitalization of $103.59 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.

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

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]