PDD (PDD) Stock Forecast & Price Target

Q: What analysts cover PDD?

PDD has been rated by research analysts at Bank of America , Benchmark , BNP Paribas Exane , Daiwa Securities Group , Deutsche Bank Aktiengesellschaft , and Zacks Research in the past 90 days.

$81.63 -0.62 (-0.75%)

As of 09/3/2026 04:00 PM Eastern

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

Consensus Rating

Hold

Based on 15 Analyst Ratings

Sell
1

Hold
8

Buy
6

Based on 15 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 15 analysts, 1 has given a sell rating, 8 have given a hold rating, and 6 have given a buy rating for PDD.

Consensus Price Target

$117.17
43.53% Upside

According to the 15 analysts' twelve-month price targets for PDD, the average price target is $117.17. 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 43.53% from the current price of $81.63.

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 9/4/25 to 9/4/26	1 Month Ago 8/5/25 to 8/5/26	3 Months Ago 6/6/25 to 6/6/26	1 Year Ago 9/4/24 to 9/4/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	8 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$117.17	$124.64	$131.33	$137.82
Forecasted Upside	43.53% Upside	37.06% Upside	54.38% Upside	11.26% Upside
Consensus Rating	Hold	Hold	Moderate Buy	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	2.33	2.21	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	43.53% Upside	209.79% Upside	13.68% 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
8/26/2026	Bank of America 4 of 5 stars		Reiterated Rating	Neutral
8/25/2026	Zacks Research 5 of 5 stars		Upgrade	Strong Sell ➝ Hold
8/25/2026	Benchmark 4 of 5 stars	Fawne Jiang 2 of 5 stars	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
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%
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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
4/17/2026	Arete Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$121.00	+13.28%
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	JPMorgan Chase & Co. 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	Lower Target	Neutral	$125.00 ➝ $105.00	+5.63%
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 Friday at 02:21 AM 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 Wednesday, September 2, 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 $82.25, which is significantly below the consensus price target of $117.17 set by Wall Street analysts, suggesting substantial potential for upside if the company stabilizes its growth trajectory.
PDD Holdings Inc. demonstrated strong profitability in its most recent quarter, reporting a net margin of 20.73% and a return on equity of 22.29%, indicating efficient capital management and robust earnings generation relative to its revenue base.
The company offers an attractive valuation with a price-to-earnings ratio of 9.06, which is low for a technology and e-commerce firm, potentially providing a margin of safety for value-oriented investors seeking exposure to the digital economy.
Recent institutional activity shows new capital entering the stock, such as the Public Employees Retirement System of Ohio acquiring 124,422 shares and Quantitative Investment Management LLC establishing a new position, signaling renewed interest from large fund managers.
The stock exhibits a beta of 0.01, indicating extremely low volatility relative to the broader market, which may appeal to investors seeking a defensive position that is less susceptible to general market swings.

PDD
Bear Case

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

Recent earnings results showed a decline in GAAP net income by 12% despite an 8% increase in revenue, suggesting that rising costs for subsidies and AI investments are eroding profit margins and pressuring the bottom line.
Wall Street sentiment has deteriorated, with the consensus rating downgraded to "Hold" and several major firms like Barclays and Nomura cutting their ratings and price targets, reflecting concerns about decelerating core advertising revenue and intensifying competition.
The company is facing structural challenges in its core advertising business due to competition from peers like Alibaba and ByteDance, while its shift toward an asset-heavy model for supply chain investments introduces uncertainty regarding the return on these significant capital expenditures.
Short interest in the stock has been rising, with shares shorted increasing to over 30 million in recent months, indicating that a significant portion of the market is betting against the stock's future performance.
The stock has experienced a significant decline from its 52-week high of $139.41 to its current level, and it recently hit a 52-week low of $71.94, reflecting sustained downward pressure and investor skepticism about the company's long-term growth story.

PDD Forecast - Frequently Asked Questions

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for PDD is $117.17, with a high forecast of $170.00 and a low forecast of $80.00.

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PDD in the last year. There is currently 1 sell rating, 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research 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 43.53% based on their 12-month stock forecasts.

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

PDD has been rated by research analysts at Bank of America, Benchmark, BNP Paribas Exane, Daiwa Securities Group, Deutsche Bank Aktiengesellschaft, and Zacks Research in the past 90 days.

Analysts like PDD more than other "consumer discretionary" companies. The consensus rating score for PDD is 2.33 while the average consensus rating score for "consumer discretionary" companies is 2.21. 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 8/26/2026.

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PDD (PDD) Stock Forecast & Price Target