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 , Deutsche Bank Aktiengesellschaft , JPMorgan Chase & Co. , Weiss Ratings , and Zacks Research in the past 90 days.

$81.45 -0.51 (-0.62%)

Closing price 04:00 PM Eastern

Extended Trading

$81.40 -0.05 (-0.06%)

As of 05:02 PM Eastern

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

Consensus Rating

Hold

Based on 16 Analyst Ratings

Sell
2

Hold
9

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, 2 have given a sell rating, 9 have given a hold rating, and 5 have given a buy rating for PDD.

Consensus Price Target

$110.31
35.43% Upside

According to the 16 analysts' twelve-month price targets for PDD, the average price target is $110.31. 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 35.43% from the current price of $81.45.

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 10/14/25 to 10/14/26	1 Month Ago 9/14/25 to 9/14/26	3 Months Ago 7/16/25 to 7/16/26	1 Year Ago 10/14/24 to 10/14/25
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)	5 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	9 Hold rating(s)	10 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$110.31	$110.31	$121.86	$138.09
Forecasted Upside	35.43% Upside	38.96% Upside	40.58% Upside	8.65% 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	2.19	2.20	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	34.96% Upside	250.33% Upside	19.81% Upside
News Sentiment Rating	Positive News See Recent PDD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/9/2026	Weiss Ratings 3 of 5 stars		Downgrade	Hold (C-) ➝ Sell (D+)
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 Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Neutral
8/25/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Strong Sell ➝ Hold
8/25/2026	Benchmark Subscribe to MarketBeat All Access to unlock brokerage rankings	Fawne Jiang Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$127.00 ➝ $114.00	+30.36%
8/24/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Hold	$105.00	+21.25%
6/23/2026	Daiwa Securities Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy ➝ Hold	$80.00	+5.35%
6/15/2026	BNP Paribas Exane Subscribe to MarketBeat All Access to unlock brokerage rankings	Colin Liu Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Underperform	$89.00	+6.52%
5/28/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy
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	Nomura Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Strong-Buy ➝ Hold	$136.00 ➝ $97.00	+16.83%
5/28/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Jiong Shao Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Overweight ➝ Equal Weight	$165.00 ➝ $89.00	+2.76%
5/27/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings	Robin Zhu Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Market Perform	$132.00 ➝ $110.00	+27.01%
5/27/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	Alicia Yap Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$142.00 ➝ $123.00	+44.13%
5/27/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$129.00	+51.16%
5/27/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy
1/6/2026	Loop Capital Subscribe to MarketBeat All Access to unlock brokerage rankings	Roman Lukianchikov Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$170.00	+38.23%
8/26/2025	New Street Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Jin Yoon Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Buy ➝ Neutral	$120.00	-6.40%
8/25/2025	Macquarie Infrastructure Subscribe to MarketBeat All Access to unlock brokerage rankings	Ellie Jiang Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target	Outperform	$165.00	+30.16%
5/28/2025	China Renaissance Subscribe to MarketBeat All Access to unlock brokerage rankings	Charlie Chan Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy ➝ Hold	$107.00	+3.90%
11/22/2024	Dbs Bank Subscribe to MarketBeat All Access to unlock brokerage rankings	S. Mittal Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Strong-Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:52 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 Monday, October 12, 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.:

PDD Holdings Inc. currently trades at $80.92, which is significantly below the average analyst price target of $113.31, suggesting substantial potential for price appreciation if the stock reverts to its mean or if the market reassesses its value relative to its peers.
The company maintains a fortress balance sheet with approximately $67 billion in cash and zero long-term debt, providing a strong financial cushion that supports its ability to execute major investment cycles, such as the RMB 100 billion in merchant support, without facing liquidity risks.
With a price-to-earnings ratio of 8.91, PDD Holdings Inc. offers a valuation that is attractive compared to many other technology and retail companies, indicating that the stock may be undervalued relative to its earnings power and growth potential.
Recent institutional activity shows new positions being established by firms like Nykredit A S and Public Employees Retirement System of Ohio, signaling that large investors are beginning to accumulate shares at current price levels, which can provide support for the stock price.
The company's recent earnings report showed a net margin of 20.73% and a return on equity of 22.29%, demonstrating strong operational efficiency and profitability despite the competitive landscape in the e-commerce sector.

PDD
Bear Case

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

The stock has experienced a significant decline from its 52-week high of $139.41 to its current level of $80.92, reflecting a loss of nearly 42% in value, which indicates strong downward pressure and potential ongoing concerns about the company's growth trajectory.
Analyst sentiment has shifted negatively, with the consensus rating downgraded to "Hold" and several firms, including Nomura and JPMorgan Chase, lowering their price targets or downgrading their ratings, suggesting that Wall Street sees limited near-term upside potential.
Short interest in PDD Holdings Inc. has increased in recent months, with the number of shares shorted rising to 29.57 million as of September 30, 2026, indicating that a significant portion of the market is betting against the stock's performance.
The company's revenue growth has slowed, with year-over-year revenue growth of 8.1% in the most recent quarter, which is lower than the 11.0% and 12.0% growth rates seen in previous quarters, suggesting that the company may be facing headwinds in its core business.
PDD Holdings Inc. is facing increased competition from other e-commerce platforms, including Shein, which has been reported to be weakening PDD's Temu business at some suppliers, potentially eroding its market share and pricing power in the cross-border retail space.

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 $110.31, 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 twelve months. There are currently 2 sell ratings, 9 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 35.43% based on their 12-month stock forecasts.

Over the previous 90 days, PDD's stock had 4 downgrades and 1 upgrade by analysts.

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

Analysts like PDD less than other "consumer discretionary" companies. The consensus rating score for PDD is 2.19 while the average consensus rating score for "consumer discretionary" companies is 2.20. Learn more on how PDD compares to other companies.

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

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PDD (PDD) Stock Forecast & Price Target