Pinduoduo Stock Forecast, Price & News

15 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 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Pinduoduo stock.
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Wall Street analysts have given Pinduoduo a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Pinduoduo wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Pinduoduo is scheduled to release its next quarterly earnings announcement on Thursday, November 11th 2021.
View our earnings forecast for Pinduoduo.

Pinduoduo Inc. (NASDAQ:PDD) posted its quarterly earnings results on Monday, August, 23rd. The company reported $2.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.22) by $3.07. The company had revenue of $23.05 billion for the quarter, compared to the consensus estimate of $26.53 billion. Pinduoduo had a negative trailing twelve-month return on equity of 3.82% and a negative net margin of 3.02%. Pinduoduo's revenue was up 89.0% on a year-over-year basis.
View Pinduoduo's earnings history.

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 187.3% and is now trading at $100.73.
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15 brokers have issued 1 year price objectives for Pinduoduo's stock. Their forecasts range from $123.00 to $210.00. On average, they expect Pinduoduo's stock price to reach $161.62 in the next twelve months. This suggests a possible upside of 60.4% from the stock's current price.
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Some companies that are related to Pinduoduo include Alibaba Group (BABA), Visa (V), Mastercard (MA), PayPal (PYPL), Accenture (ACN), MercadoLibre (MELI), Fidelity National Information Services (FIS), Uber Technologies (UBER), Relx (RELX), MSCI (MSCI), eBay (EBAY), Global Payments (GPN), DiDi Global (DIDI), CoStar Group (CSGP) and Affirm (AFRM).
View all of PDD's competitors.

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), Square (SQ), Tesla (TSLA), The Walt Disney (DIS) and salesforce.com (CRM).

(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."

Pinduoduo's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (2.22%), BlackRock Inc. (1.56%), Vanguard Group Inc. (1.08%), FMR LLC (1.00%), Hhlr Advisors LTD. (0.56%) and Susquehanna International Group LLP (0.00%).

PDD stock was sold by a variety of institutional investors in the last quarter, including Paloma Partners Management Co, Hhlr Advisors LTD., Alberta Investment Management Corp, Parallax Volatility Advisers L.P., Renaissance Technologies LLC, Price T Rowe Associates Inc. MD, FMR LLC, and Susquehanna International Group LLP.

PDD stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., Krane Funds Advisors LLC, ARK Investment Management LLC, Simplex Trading LLC, and Baillie Gifford & Co..

Shares of PDD 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 $100.73.

Pinduoduo has a market capitalization of $124.77 billion and generates $9.12 billion in revenue each year. The company earns $-1,100,340,000.00 in net income (profit) each year or ($0.92) on an earnings per share basis.

Pinduoduo employs 7,986 workers across the globe.

Pinduoduo was founded in 2015.

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

Pinduoduo is headquartered at 28/F NO. 533 LOUSHANGUAN ROAD CHANGNING DISTRICT, SHANGHAI F4, 200051.

Pinduoduo's mailing address is 28/F NO. 533 LOUSHANGUAN ROAD CHANGNING DISTRICT, SHANGHAI F4, 200051. The company can be reached via phone at 862152661300 or via email at [email protected]