PDD (PDD) Stock Forecast & Price Target

$135.38

+5.98 (+4.62%)

(As of 09/27/2024 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

$177.78
31.32% Upside

According to the 12 analysts' twelve-month price targets for PDD, the average price target is $177.78. The highest price target for PDD is $272.00, while the lowest price target for PDD is $120.00. The average price target represents a forecasted upside of 31.32% from the current price of $135.38.

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PDD Analyst Ratings Over Time

Type	Current Forecast 9/29/23 to 9/28/24	1 Month Ago 8/30/23 to 8/29/24	3 Months Ago 7/1/23 to 6/30/24	1 Year Ago 9/29/22 to 9/29/23
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)	8 Buy rating(s)	9 Buy rating(s)	12 Buy rating(s)
Hold	2 Hold rating(s)	2 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	$177.78	$163.33	$188.33	$117.75
Forecasted Upside	31.32% Upside	74.84% Upside	41.66% Upside	20.07% 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	2.74	2.50
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	31.32% Upside	13.89% Upside	6.12% 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

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/27/2024	Nomura Securities 5 of 5 stars	J. Shi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/27/2024	Daiwa America 0 of 5 stars	J. Choi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/27/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$224.00 ➝ $158.00	+62.43%
8/27/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$230.00 ➝ $185.00	+85.00%
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%
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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%
8/26/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Jiang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral
8/26/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$193.00 ➝ $151.00	+51.38%
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%
3/21/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$195.00 ➝ $190.00	+55.06%
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 11:36 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 11, 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. has shown consistent revenue growth, with a significant increase in revenue of 85.7% year-over-year.
Analysts have set a consensus target price of $177.78 for PDD Holdings Inc., indicating potential for stock price appreciation.
Institutional investors and hedge funds have been increasing their stakes in PDD Holdings Inc., signaling confidence in the company's future performance.
PDD Holdings Inc. has a strong return on equity of 48.14%, indicating efficient use of shareholder funds to generate profits.
The company's net margin of 28.92% showcases its ability to convert revenue into profit effectively.

PDD
Bear Case

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

Recent analyst downgrades and target price reductions may indicate potential challenges or uncertainties in the company's future performance.
Market volatility and economic conditions can impact PDD Holdings Inc.'s stock price, leading to potential short-term fluctuations.
Competition in the e-commerce sector, where PDD Holdings Inc. operates, is intense and could affect the company's market share and profitability.
Investing in individual stocks like PDD Holdings Inc. carries inherent risks related to company-specific factors and industry dynamics.
External factors such as regulatory changes or geopolitical events can influence PDD Holdings Inc.'s operations and financial results.

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 $177.78, with a high forecast of $272.00 and a low forecast of $120.00.
: 12 Wall Street 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 research analysts is that investors should "buy" PDD shares.
: According to analysts, PDD's stock has a predicted upside of 31.32% based on their 12-month stock forecasts.
: Over the previous 90 days, PDD's stock had 2 upgrades and 2 downgrades by analysts.
: PDD has been rated by research analysts at Bank of America, Barclays, Benchmark, Citigroup, Daiwa America, Jefferies Financial Group, 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 9/28/2024 by MarketBeat.com Staff

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