Pinduoduo - PDD Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last twelve months. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PDD shares.
View PDD analyst ratings or view top-rated stocks.

14 Wall Street research analysts have issued 12 month price objectives for Pinduoduo's stock. Their PDD share price forecasts range from $48.00 to $123.00. On average, they anticipate the company's stock price to reach $87.50 in the next year. This suggests that the stock has a possible downside of 16.4%.
View analysts price targets for PDD or view top-rated stocks among Wall Street analysts.

Pinduoduo's stock was trading at $81.55 on January 1st, 2023. Since then, PDD stock has increased by 28.4% and is now trading at $104.68.
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Pinduoduo saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 30,210,000 shares, an increase of 27.3% from the December 31st total of 23,730,000 shares. Based on an average trading volume of 12,370,000 shares, the days-to-cover ratio is presently 2.4 days.
View Pinduoduo's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, March 20th 2023.
View our PDD earnings forecast.

Pinduoduo Inc. (NASDAQ:PDD) posted its quarterly earnings results on Monday, November, 28th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.49. The company earned $4.99 billion during the quarter, compared to analysts' expectations of $4.45 billion. Pinduoduo had a net margin of 24.08% and a trailing twelve-month return on equity of 34.80%.

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 a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (2.31%), Genesis Investment Management LLP (0.17%), FengHe Fund Management Pte. Ltd. (0.07%), National Bank of Canada FI (0.02%), Mckinley Capital Management LLC Delaware (0.01%) and Assenagon Asset Management S.A. (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 $104.68.

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.