PDD (PDD) Stock Forecast & Price Target

$100.07 -4.02 (-3.86%)

(As of 11/22/2024 ET)

PDD - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Buy

Based on 12 Analyst Ratings

Sell
0

Hold
2

Buy
10

Based on 12 Wall Street analysts who have issued ratings for PDD in the last 12 months, the stock has a consensus rating of "Buy." Out of the 12 analysts, 2 have given a hold rating, 8 have given a buy rating, and 2 have given a strong buy rating for PDD.

Consensus Price Target

$173.40
73.28% Upside

According to the 12 analysts' twelve-month price targets for PDD, the average price target is $173.40. The highest price target for PDD is $272.00, while the lowest price target for PDD is $105.00. The average price target represents a forecasted upside of 73.28% from the current price of $100.07.

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PDD Analyst Ratings Over Time

Type	Current Forecast 11/23/23 to 11/22/24	1 Month Ago 10/24/23 to 10/23/24	3 Months Ago 8/25/23 to 8/24/24	1 Year Ago 11/23/22 to 11/23/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	12 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$173.40	$182.40	$188.33	$122.25
Forecasted Upside	73.28% Upside	49.09% Upside	34.65% Upside	4.10% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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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	Multi-Sector Conglomerates Companies	S&P 500
Consensus Rating Score	3.00	2.75	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	73.28% Upside	17.69% Upside	7.66% Upside
News Sentiment Rating	Positive 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

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	Benchmark 3 of 5 stars		Lower Target	Buy ➝ Buy	$185.00 ➝ $160.00	+59.03%
11/22/2024	JPMorgan Chase & Co. 3 of 5 stars		Downgrade	Overweight ➝ Neutral	$170.00 ➝ $105.00	+4.54%
11/21/2024	Jefferies Financial Group 2 of 5 stars		Lower Target	Buy ➝ Buy	$181.00 ➝ $171.00	+64.28%
10/7/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Jiang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$126.00 ➝ $224.00	+45.20%
8/27/2024	Nomura Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Shi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/27/2024	Daiwa America Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Choi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
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8/27/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$224.00 ➝ $158.00	+62.43%
8/27/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$235.00 ➝ $170.00	+70.00%
8/27/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$206.00 ➝ $170.00	+70.00%
8/27/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Yap Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$194.00 ➝ $120.00	+20.00%
5/24/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$145.00 ➝ $184.00	+19.77%
5/22/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$248.00 ➝ $272.00	+85.19%
8/30/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$107.00 ➝ $126.00	+35.16%
8/30/2023	CLSA Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$95.00 ➝ $114.00	+22.29%
8/29/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$110.00 ➝ $120.00	+28.73%
5/30/2023	500.com Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
12/9/2022	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:49 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 Thursday, November 7, 2024. 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. reported an impressive earnings per share (EPS) of $23.24 for the quarter, significantly surpassing the consensus estimate of $2.66 by $20.58. This indicates strong financial performance and potential for growth.
PDD Holdings Inc. achieved a remarkable return on equity of 48.14%, showcasing efficient utilization of shareholder funds to generate profits.
The company's net margin of 28.92% reflects its ability to convert revenue into profit, indicating sound financial management.
PDD Holdings Inc.'s revenue for the quarter was $97.06 billion, demonstrating substantial growth compared to the same period last year, which could attract investors seeking exposure to a rapidly expanding company.
Despite recent fluctuations, PDD Holdings Inc.'s stock price is currently at $134.81, presenting a potentially attractive entry point for investors looking to capitalize on future price appreciation.

PDD
Bear Case

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

While PDD Holdings Inc. has shown strong financial performance, the stock has experienced volatility in its trading price, which may pose risks for investors sensitive to market fluctuations.
The company's debt-to-equity ratio of 0.02, while relatively low, indicates some level of financial leverage that could impact the company's financial stability in adverse economic conditions.
Analyst ratings on PDD Holdings Inc. have been mixed, with some downgrades and target price reductions, suggesting uncertainty in the market regarding the company's future performance.
Institutional investors have been adjusting their positions in PDD Holdings Inc., which could indicate varying levels of confidence in the company's growth prospects among different investor groups.
Market analysts anticipate PDD Holdings Inc. to post earnings per share of 11.05 for the current fiscal year, which, while positive, may not meet some investors' expectations for growth potential.

PDD Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for PDD is $173.40, with a high forecast of $272.00 and a low forecast of $105.00.
: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PDD in the last year. There are currently 2 hold ratings, 8 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PDD shares.
: According to analysts, PDD's stock has a predicted upside of 73.28% based on their 12-month stock forecasts.
: Over the previous 90 days, PDD's stock had 3 upgrades and 3 downgrades by analysts.
: PDD has been rated by research analysts at Bank of America, Barclays, Benchmark, Citigroup, Daiwa America, Jefferies Financial Group, JPMorgan Chase & Co., Macquarie, Nomura Securities, and Sanford C. Bernstein in the past 90 days.
: Analysts like PDD more than other "multi-sector conglomerates" companies. The consensus rating for PDD is Buy while the average consensus rating for "multi-sector conglomerates" companies is Moderate Buy. Learn more on how PDD compares to other companies.

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This page (NASDAQ:PDD) was last updated on 11/22/2024 by MarketBeat.com Staff

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PDD (PDD) Stock Forecast & Price Target