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
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, 1 has given a hold rating, 9 have given a buy rating, and 2 have given a strong buy rating for PDD.
Consensus Price Target
According to the 12 analysts’ twelve-month price targets for PDD, the average price target is $182.40. 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 28.83% from the current price of $141.58.
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PDD Analyst Ratings Over Time
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.
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PDD Stock vs. The Competition
Recent Analyst Forecasts and Stock Ratings
Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:11 PM 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 Monday, October 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. stock price has shown a consistent upward trend, reaching $154.27 on the latest trading day, indicating potential for capital appreciation.
- PDD Holdings Inc. reported impressive quarterly earnings results, surpassing earnings per share estimates by a significant margin, showcasing strong financial performance.
- The company has a high return on equity of 48.14%, indicating efficient utilization of shareholder funds to generate profits.
- PDD Holdings Inc. has a robust revenue growth rate, with a 85.7% increase year-over-year, demonstrating strong business growth.
- Analysts have provided positive ratings for PDD Holdings Inc., with a majority recommending either a buy or strong buy, reflecting confidence in the company’s future prospects.
PDD
Bear Case
Investors should be bearish about investing in PDD Holdings Inc. for these reasons:
- Despite positive analyst ratings, there have been recent downgrades on PDD Holdings Inc. stock, which may indicate potential risks or challenges ahead.
- PDD Holdings Inc. has a relatively high price-to-earnings ratio of 20.43, which could suggest the stock is currently overvalued compared to its earnings potential.
- The company’s stock price volatility may pose risks for investors seeking stable returns, as fluctuations could impact investment performance.
- PDD Holdings Inc. has a beta of 0.69, indicating lower volatility compared to the market, which may limit potential returns for investors seeking higher-risk investments.
- Investors should consider the company’s debt-to-equity ratio of 0.02, as higher debt levels could increase financial risk and impact future profitability.
PDD Forecast – Frequently Asked Questions
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According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for PDD is $182.40, with a high forecast of $272.00 and a low forecast of $120.00.
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12 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for PDD in the last twelve months. There is currently 1 hold rating, 9 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.
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According to analysts, PDD’s stock has a predicted upside of 28.83% based on their 12-month stock forecasts.
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Over the previous 90 days, PDD’s stock had 3 upgrades and 2 downgrades by analysts.
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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.
This page (NASDAQ:PDD) was last updated on 10/10/2024 by
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