NASDAQ:PDD

PDD - PDD Stock Forecast, Price & News

$72.84

+1.16 (+1.62%)

(As of 03/28/2023 12:00 AM ET)

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Today's Range: $70.13
▼
$73.56
50-Day Range: $71.68
▼
$104.68
52-Week Range: $31.01
▼
$106.38

Volume: 15.68 million shs
Average Volume: 9.56 million shs
Market Capitalization: N/A

P/E Ratio: 22.76
Dividend Yield: N/A
Price Target: $102.80

Institutional Ownership

PDD MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 41.1% Upside
$102.80 Price Target
Short Interest: Bearish
Dividend Strength: N/A
Sustainability: -1.41
Upright™ Environmental Score
News Sentiment: 0.09
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 36.64%
From $3.33 to $4.55 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

4.5

Analyst's Opinion

Consensus Rating
PDD has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 13 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $102.80, PDD has a forecasted upside of 41.1% from its current price of $72.84.
Amount of Analyst Coverage
PDD has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
PDD has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PDD has recently increased by 12.69%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
PDD does not currently pay a dividend.
Dividend Growth
PDD does not have a long track record of dividend growth.

2.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
PDD has received a 6.19% net impact score from Upright. Pinduoduo seems to create the most significant positive value in categories "Taxes", "Meaning & joy", and "Jobs". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "E-commerce video software", "E-commerce search software", and "E-commerce platform software" products. See details.
Environmental Sustainability
The Environmental Impact score for PDD is -1.41.

2.3

News and Social Media Coverage

News Sentiment
PDD has a news sentiment score of 0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.42 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for PDD this week, compared to 5 articles on an average week.
Search Interest
Only 62 people have searched for PDD on MarketBeat in the last 30 days. This is a decrease of -31% compared to the previous 30 days.
MarketBeat Follows
23 people have added PDD to their MarketBeat watchlist in the last 30 days. This is an increase of 21% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PDD insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.70% of the stock of PDD is held by insiders.
Percentage Held by Institutions
Only 24.24% of the stock of PDD is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for PDD are expected to grow by 36.64% in the coming year, from $3.33 to $4.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PDD is 22.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of PDD is 22.76, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 32.94.
Price to Book Value per Share Ratio
PDD has a P/B Ratio of 5.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PDD (NASDAQ:PDD) Stock

PDD Holdings, Inc. is a commerce group that owns and operates a portfolio of businesses, including Pinduoduo, a social commerce platform in China with agriculture as one of its pillars, and Temu, an e-commerce marketplace in North America. The company aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from increased productivity and new opportunities. It has built a network of sourcing, logistics, and fulfillment capabilities, that support its underlying businesses. The company was founded by Hua Lin Cai and Zheng Huang on April 20, 2015 and is headquartered in Shanghai, China.

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PDD Stock News Headlines

March 8, 2023 | marketbeat.com

Are China Internet Stocks Set Up To Rally In The Second Quarter? (PDD)

What’s next for Chinese consumer-facing techs, amid growing geopolitical tensions and a somewhat disappointing gross domestic product forecast?

March 7, 2023 | marketbeat.com

PDD Holdings Deserves a Spot on Your Watchlist as China Reopens

PDD Holdings may have overtaken some of its bigger international competitors positioning itself for a strong comeback in its unstoppable profitability path.

March 28, 2023 | The Oxford Club (Ad)

My No. 1 dividend stock for a LIFETIME of income.

Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.

March 7, 2023 | marketbeat.com

PDD Holdings Deserves a Spot on Your Watchlist as China Reopens (PDD)

PDD Holdings may have overtaken some of its bigger international competitors positioning itself for a strong comeback in its unstoppable profitability path.

March 25, 2023 | americanbankingnews.com

Analysts Set PDD Holdings Inc. (NASDAQ:PDD) Price Target at $94.36

March 24, 2023 | americanbankingnews.com

UBS Group Lowers PDD (NASDAQ:PDD) Price Target to $100.00

March 23, 2023 | americanbankingnews.com

PDD (NASDAQ:PDD) PT Lowered to $95.00

March 23, 2023 | americanbankingnews.com

PDD (NASDAQ:PDD) Given New $115.00 Price Target at Citigroup

March 28, 2023 | Weiss Ratings (Ad)

Fed's Shocking New Plan to Control Your Money

The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 

March 23, 2023 | americanbankingnews.com

PDD (NASDAQ:PDD) Price Target Cut to $106.00

March 21, 2023 | americanbankingnews.com

HSBC Lowers PDD (NASDAQ:PDD) Price Target to $115.00

March 21, 2023 | americanbankingnews.com

PDD (NASDAQ:PDD) Announces Earnings Results

March 20, 2023 | finance.yahoo.com

Google Suspends Pinduoduo After Finding Malware in Versions

March 20, 2023 | finance.yahoo.com

Pinduoduo owner's revenue falls short on weak consumer spending

March 19, 2023 | americanbankingnews.com

PDD (PDD) Scheduled to Post Earnings on Monday

March 13, 2023 | msn.com

PDD’s Temu budget e-commerce app said to enter UK as it ramps up competition with Shein, TikTok in accelerated expansion

March 13, 2023 | finance.yahoo.com

PDD Holdings to Report Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results on March 20, 2023

March 6, 2023 | msn.com

Shein’s Lead Under Fire as Chinese-Owned App Tops US Charts

March 6, 2023 | seekingalpha.com

PDD: Multiple Major Risks Ahead

February 21, 2023 | finance.yahoo.com

Why Pinduoduo Stock Was Falling Today

January 28, 2023 | investorplace.com

Why PDD Stock Investors Can Feel Confident About Pinduoduo

January 26, 2023 | finance.yahoo.com

It's Happy Lunar New Year For This Chinese Stock, But It Faces A Risk

January 2, 2023 | finance.yahoo.com

3 Top E-Commerce Stocks to Buy in January

December 31, 2022 | finance.yahoo.com

Better Chinese E-Commerce Stock: Alibaba vs. Pinduoduo

December 28, 2022 | finance.yahoo.com

Should You Invest in Pinduoduo Inc. Sponsored ADR (PDD) Based on Bullish Wall Street Views?

December 24, 2022 | finance.yahoo.com

Even though Pinduoduo (NASDAQ:PDD) has lost US$3.8b market cap in last 7 days, shareholders are still up 114% over 3 years

December 20, 2022 | finance.yahoo.com

Pinduoduo Inc.'s (NASDAQ:PDD) Intrinsic Value Is Potentially 40% Above Its Share Price

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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PDD Company Calendar

Last Earnings: 3/20/2023
Today: 3/28/2023
Next Earnings (Estimated): 5/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Sector: Retail/Wholesale
Current Symbol: NASDAQ:PDD
CUSIP: N/A
CIK: 1737806
Web: www.pinduoduo.com
Phone: 862152661300
Fax: N/A
Employees: 9,762
Year Founded: 2015

Price Target and Rating

Average Stock Price Forecast: $102.80
High Stock Price Forecast: $123.00
Low Stock Price Forecast: $55.00
Forecasted Upside/Downside: +41.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.20
Trailing P/E Ratio: 22.76
Forward P/E Ratio: 21.87
P/E Growth: N/A
Net Income: $4.57 billion
Net Margins: 23.93%
Pretax Margin: 27.90%
Return on Equity: 32.10%
Return on Assets: 15.58%

Debt

Debt-to-Equity Ratio: 0.01
Current Ratio: 1.85
Quick Ratio: 2.27

Sales & Book Value

Annual Sales: $18.93 billion
Price / Sales: N/A
Cash Flow: $5.59 per share
Price / Cash Flow: 13.03
Book Value: $13.78 per share
Price / Book: 5.29

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Optionable
Beta: 0.77

Social Links

Key Executives

Lei Chen
Chairman & Chief Executive Officer

Jun Yun Xiao
Senior Vice President-Operation

Jun Liu
Vice President-Finance

Jian Chong Zhu
General Counsel & Senior Vice President

Zhen Wei Zheng
Senior Vice President-Product Development

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

PDD Stock - Frequently Asked Questions

Should I buy or sell PDD stock right now?: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PDD in the last twelve months. There are currently 13 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.
What is PDD's stock price forecast for 2023?: 13 brokers have issued twelve-month price objectives for PDD's shares. Their PDD share price forecasts range from $55.00 to $123.00. On average, they predict the company's share price to reach $102.80 in the next year. This suggests a possible upside of 41.2% from the stock's current price.
View analysts price targets for PDD or view top-rated stocks among Wall Street analysts.
How have PDD shares performed in 2023?: PDD's stock was trading at $81.55 at the start of the year. Since then, PDD stock has decreased by 10.7% and is now trading at $72.79.
View the best growth stocks for 2023 here.
When is PDD's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, May 26th 2023.
View our PDD earnings forecast.
How were PDD's earnings last quarter?: PDD Holdings Inc. (NASDAQ:PDD) posted its quarterly earnings data on Monday, March, 20th. The company reported $8.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $7.34. The firm earned $39.82 billion during the quarter, compared to analyst estimates of $40.74 billion. PDD had a trailing twelve-month return on equity of 32.10% and a net margin of 23.93%. The firm's quarterly revenue was up 46.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 earnings per share.
What ETFs hold PDD's stock?: ETFs with the largest weight of PDD (NASDAQ:PDD) stock in their portfolio include Global X Emerging Markets Internet & Ecommerce ETF (EWEB), Invesco Golden Dragon China ETF (PGJ), Global X China Consumer ETF (CHIQ), First Trust International Equity Opportunities ETF (FPXI), Invesco China Technology ETF (CQQQ), Emerging Markets Internet & Ecommerce ETF (EMQQ), KraneShares CSI China Internet ETF (KWEB) and Matthews China Active ETF (MCH).

What other stocks do shareholders of PDD own?: Based on aggregate information from My MarketBeat watchlists, some companies that other PDD 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).
When did PDD IPO?: (PDD) raised $1.5 billion in an initial public offering 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.
What is PDD's stock symbol?: PDD trades on the NASDAQ under the ticker symbol "PDD."
Who are PDD's major shareholders?: PDD's stock is owned by a variety of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (2.31%), Norges Bank (0.00%), Greenwoods Asset Management Hong Kong Ltd. (0.00%), Trivest Advisors Ltd (0.00%), Susquehanna International Group LLP (0.00%) and Legal & General Group Plc (0.00%).
How do I buy shares of PDD?: 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.
What is PDD's stock price today?: One share of PDD stock can currently be purchased for approximately $72.79.
How many employees does PDD have?: The company employs 9,762 workers across the globe.
How can I contact PDD?: PDD'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.

This page (NASDAQ:PDD) was last updated on 3/28/2023 by MarketBeat.com Staff

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PDD - PDD Stock Forecast, Price & News

PDD MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About PDD (NASDAQ:PDD) Stock

PDD Stock News Headlines

PDD Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

PDD Stock - Frequently Asked Questions

Overall MarketRank^™