Other research analysts have also recently issued reports about the company. Nomura raised Pinduoduo from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 30th. Macquarie increased their target price on Pinduoduo from $104.00 to $122.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 29th. Morgan Stanley increased their target price on Pinduoduo from $65.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, November 29th. Citigroup raised their price objective on Pinduoduo from $79.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, November 29th. Finally, Bank of America lifted their price target on Pinduoduo from $77.00 to $89.00 and gave the stock a “buy” rating in a research note on Tuesday, August 30th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Pinduoduo has a consensus rating of “Moderate Buy” and an average target price of $84.27.
Pinduoduo Stock Up 6.2 %
Shares of PDD opened at $91.11 on Friday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average is $64.56 and its two-hundred day moving average is $59.97. The firm has a market cap of $112.86 billion, a P/E ratio of 30.57 and a beta of 0.71. Pinduoduo has a 12 month low of $23.21 and a 12 month high of $91.27.
Institutional Trading of Pinduoduo
Pinduoduo Company Profile
Pinduoduo Inc, through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverages, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories.
- Get a free copy of the StockNews.com research report on Pinduoduo (PDD)
- Can Pfizer, Johnson & Johnson Continue Outperforming the Index?
- This Is Why Daktronics Fell 40% In One Day
- Is It Time To Throw In The Towel On Gamestop?
- Why You Should Avoid Carvana Even if it Avoids Bankruptcy
- Are Investors Hearing The End Of Spotify’s Downtrend?
Receive News & Ratings for Pinduoduo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinduoduo and related companies with MarketBeat.com's FREE daily email newsletter.