PDD Holdings Inc. (NASDAQ:PDD – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $173.40.
A number of research firms have recently commented on PDD. Jefferies Financial Group reduced their price objective on shares of PDD from $181.00 to $171.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Benchmark reduced their price objective 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. JPMorgan Chase & Co. downgraded shares of PDD from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $170.00 to $105.00 in a report on Friday, November 22nd. Dbs Bank downgraded shares of PDD from a “strong-buy” rating to a “hold” rating in a report on Friday, November 22nd. Finally, Macquarie raised shares of PDD from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $126.00 to $224.00 in a report on Monday, October 7th.
View Our Latest Research Report on PDD
Institutional Investors Weigh In On PDD
PDD Stock Performance
NASDAQ PDD opened at $112.04 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.15 and a quick ratio of 2.15. The firm has a market capitalization of $154.15 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 0.27 and a beta of 0.66. The company’s fifty day moving average is $101.28 and its two-hundred day moving average is $115.57. PDD has a 52-week low of $88.01 and a 52-week high of $164.69.
About PDD
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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