PDD (PDD) Stock Forecast & Price Target

Q: What analysts cover PDD?

PDD has been rated by research analysts at Arete Research , Bank of America , Benchmark , Daiwa Securities Group , Deutsche Bank Aktiengesellschaft , JPMorgan Chase & Co. , and Zacks Research in the past 90 days.

$77.73 -1.03 (-1.31%)

Closing price 04:00 PM Eastern

Extended Trading

$77.89 +0.16 (+0.21%)

As of 06:03 PM Eastern

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PDD - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 16 Analyst Ratings

Sell
1

Hold
10

Buy
5

Based on 16 Wall Street analysts who have issued ratings for PDD in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 1 has given a sell rating, 10 have given a hold rating, and 5 have given a buy rating for PDD.

Consensus Price Target

$113.31
45.77% Upside

According to the 16 analysts' twelve-month price targets for PDD, the average price target is $113.31. The highest price target for PDD is $170.00, while the lowest price target for PDD is $80.00. The average price target represents a forecasted upside of 45.77% from the current price of $77.73.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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PDD Analyst Ratings Over Time

Type	Current Forecast 9/17/25 to 9/17/26	1 Month Ago 8/18/25 to 8/18/26	3 Months Ago 6/19/25 to 6/19/26	1 Year Ago 9/17/24 to 9/17/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	5 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	10 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$113.31	$124.64	$128.08	$137.82
Forecasted Upside	45.77% Upside	42.82% Upside	60.98% Upside	2.19% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

PDD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PDD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

PDD Stock vs. The Competition

Type	PDD	Consumer Discretionary Companies	Broader Market
Consensus Rating Score	2.25	2.19	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	45.77% Upside	185.48% Upside	17.75% Upside
News Sentiment Rating	Neutral News See Recent PDD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/10/2026	JPMorgan Chase & Co. 3 of 5 stars	Ellie Jiang Not Rated	Lower Target	Neutral	$110.00 ➝ $95.00	+21.98%
9/7/2026	Arete Research 5 of 5 stars		Set Target	Buy ➝ Neutral	$93.00	+13.12%
8/26/2026	Bank of America 4 of 5 stars		Reiterated Rating	Neutral
8/25/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong Sell ➝ Hold
8/25/2026	Benchmark Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Fawne Jiang Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$127.00 ➝ $114.00	+30.36%
8/24/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold	$105.00	+21.25%
6/23/2026	Daiwa Securities Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$80.00	+5.35%
6/15/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Colin Liu Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Underperform	$89.00	+6.52%
5/28/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
5/28/2026	Nomura Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
Get the Latest News and Ratings for PDD and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for PDD and its competitors with MarketBeat's FREE daily newsletter.
5/28/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jiong Shao Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	$165.00 ➝ $89.00	+2.76%
5/27/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Robin Zhu Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Market Perform	$132.00 ➝ $110.00	+27.01%
5/27/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alicia Yap Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$142.00 ➝ $123.00	+44.13%
5/27/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$129.00	+51.16%
5/27/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
1/6/2026	Loop Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Roman Lukianchikov Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$170.00	+38.23%
10/8/2025	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold (C+)
8/26/2025	New Street Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jin Yoon Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$120.00	-6.40%
8/25/2025	Macquarie Infrastructure Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ellie Jiang Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Outperform	$165.00	+30.16%
5/28/2025	China Renaissance Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Charlie Chan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold	$107.00	+3.90%
11/22/2024	Dbs Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	S. Mittal Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:06 PM ET.

Should I Buy PDD Stock? PDD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 13, 2026. Please send any questions or comments about these PDD pros and cons to contact@marketbeat.com.

PDD
Bull Case

Here are some ways that investors could benefit from investing in PDD Holdings Inc.:

The stock is currently trading at $77.81, which is significantly below the consensus price target of $113.31, suggesting substantial upside potential for investors who believe the market has overreacted to recent negative news.
PDD Holdings Inc. demonstrated strong financial performance in its most recent quarter, reporting revenue of $16.54 billion and an earnings per share of $2.84, which exceeded the consensus estimate of $2.73, indicating robust operational execution and profitability.
The company offers an attractive valuation with a price-to-earnings ratio of 8.57, which is low for a growth-oriented technology company, providing a margin of safety for value-focused investors seeking exposure to the e-commerce sector.
Recent institutional activity shows significant confidence, as the California State Teachers Retirement System increased its position by 5,977.1% in the second quarter, acquiring over 21 million shares, which signals strong long-term institutional support for the company's business model.
PDD Holdings Inc. maintains a high return on equity of 22.29% and a net margin of 20.73%, reflecting efficient capital management and strong profitability that can support future shareholder returns through reinvestment or potential future dividends.

PDD
Bear Case

Investors should be bearish about investing in PDD Holdings Inc. for these reasons:

The stock has experienced a significant decline, trading near its 52-week low of $71.94, and is currently below both its 50-day moving average of $85.65 and 200-day moving average of $91.51, indicating a persistent downtrend and weak technical momentum.
Analyst sentiment has deteriorated recently, with JPMorgan Chase & Co. lowering its price target to $95.00 and Arete Research downgrading the stock to "hold," reflecting growing concerns about the company's future growth trajectory and competitive positioning.
Short interest has increased, with 31.79 million shares shorted as of the latest record date, representing a short percentage of float of 2.32%, which suggests that a significant portion of the market is betting against the stock's performance.
The company faces regulatory and trade headwinds, as evidenced by the impact of de minimis tariff changes on its Temu platform, which could increase operational costs and reduce the price competitiveness of its cross-border e-commerce business.
PDD Holdings Inc. has a beta of -0.01, indicating it does not move in correlation with the broader market, which may limit its ability to benefit from general market rallies and exposes investors to idiosyncratic risks specific to the company's business model.

PDD Forecast - Frequently Asked Questions

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for PDD is $113.31, with a high forecast of $170.00 and a low forecast of $80.00.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PDD in the last year. There is currently 1 sell rating, 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PDD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PDD, but not buy additional shares or sell existing shares.

According to analysts, PDD's stock has a predicted upside of 45.77% based on their 12-month stock forecasts.

Over the previous 90 days, PDD's stock had 2 downgrades and 1 upgrade by analysts.

PDD has been rated by research analysts at Arete Research, Bank of America, Benchmark, Daiwa Securities Group, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., and Zacks Research in the past 90 days.

Analysts like PDD more than other "consumer discretionary" companies. The consensus rating score for PDD is 2.25 while the average consensus rating score for "consumer discretionary" companies is 2.19. Learn more on how PDD compares to other companies.

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Brokerages With PDD Recommendations

MarketBeat monitors more than a dozen sources for PDD analyst ratings, with the most recent rating issued on 9/10/2026.

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PDD (PDD) Stock Forecast & Price Target