PDD (NASDAQ:PDD - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Wednesday, March 19th. Analysts expect the company to announce earnings of $2.56 per share and revenue of $115.77 billion for the quarter.
PDD Stock Performance
NASDAQ PDD opened at $117.98 on Wednesday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.02. The company's 50-day simple moving average is $111.50 and its 200 day simple moving average is $111.71. The stock has a market cap of $162.33 billion, a P/E ratio of 11.52, a PEG ratio of 0.32 and a beta of 0.69. PDD has a twelve month low of $88.01 and a twelve month high of $164.69.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. JPMorgan Chase & Co. downgraded PDD from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $170.00 to $105.00 in a research report on Friday, November 22nd. Benchmark decreased their price target on shares of PDD from $185.00 to $160.00 and set a "buy" rating for the company in a report on Friday, November 22nd. Jefferies Financial Group decreased their price objective on PDD from $181.00 to $171.00 and set a "buy" rating for the company in a research report on Thursday, November 21st. Finally, Dbs Bank cut shares of PDD from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 22nd. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, PDD has a consensus rating of "Moderate Buy" and a consensus price target of $173.40.
View Our Latest Analysis on PDD
About PDD
(
Get Free Report)
PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace.
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