Benchmark Lowers PDD (NASDAQ:PDD) Price Target to $114.00

PDD (NASDAQ:PDD) had its price target lowered by equities researchers at Benchmark from $127.00 to $114.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price objective would suggest a potential upside of 30.52% from the stock’s current price.

PDD has been the topic of a number of other reports. BNP Paribas Exane initiated coverage on shares of PDD in a research report on Monday, June 15th. They set an “underperform” rating and a $89.00 target price on the stock. Sanford C. Bernstein reduced their price objective on PDD from $132.00 to $110.00 and set a “market perform” rating on the stock in a report on Wednesday, May 27th. Daiwa Securities Group reiterated a “hold” rating and issued a $80.00 price objective on shares of PDD in a research report on Tuesday, June 23rd. Citigroup lowered their target price on PDD from $142.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $105.00 price target on shares of PDD in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, PDD currently has a consensus rating of “Hold” and an average price target of $117.38.

PDD Price Performance

Shares of NASDAQ:PDD traded up $0.28 during midday trading on Tuesday, reaching $87.34. The company’s stock had a trading volume of 1,626,026 shares, compared to its average volume of 8,062,231. PDD has a fifty-two week low of $71.94 and a fifty-two week high of $139.41. The company has a market capitalization of $124.33 billion, a P/E ratio of 9.44, a P/E/G ratio of 0.72 and a beta of 0.01. The business’s fifty day simple moving average is $84.58 and its 200-day simple moving average is $93.44.

PDD (NASDAQ:PDD) last issued its quarterly earnings results on Monday, August 24th. The company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.11. PDD had a net margin of 21.86% and a return on equity of 24.32%. The business had revenue of $16.54 billion for the quarter, compared to the consensus estimate of $16.94 billion. During the same quarter in the prior year, the company earned $22.07 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts forecast that PDD will post 9.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PDD

Several institutional investors and hedge funds have recently made changes to their positions in the company. Binnacle Investments Inc raised its holdings in PDD by 281.7% during the 3rd quarter. Binnacle Investments Inc now owns 271 shares of the company’s stock worth $36,000 after buying an additional 200 shares during the period. Wexford Capital LP bought a new position in PDD in the third quarter valued at approximately $44,000. Smartleaf Asset Management LLC boosted its holdings in shares of PDD by 230.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 377 shares of the company’s stock valued at $43,000 after buying an additional 263 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of PDD in the fourth quarter valued at approximately $44,000. Finally, Larson Financial Group LLC increased its position in shares of PDD by 720.4% during the third quarter. Larson Financial Group LLC now owns 402 shares of the company’s stock worth $53,000 after acquiring an additional 353 shares in the last quarter. Institutional investors and hedge funds own 39.83% of the company’s stock.

PDD News Summary

Here are the key news stories impacting PDD this week:

• Positive Sentiment: Adjusted earnings were approximately $2.84–$2.85 per ADS, above or in line with analyst expectations near $2.73–$2.85. The result helped support the shares despite weaker-than-expected revenue. PDD Holdings earnings report
• Positive Sentiment: PDD reported quarterly revenue of $16.54 billion, up about 8.1% year over year, while maintaining a net margin of 21.86%. Analysts also highlighted the company’s substantial cash position—estimated at more than half of its market capitalization—as a balance-sheet strength. PDD Holdings cash analysis
• Neutral Sentiment: Management continues investing in e-commerce infrastructure and artificial intelligence to improve product discovery, merchant conversion and transactions across its domestic and international platforms. These investments could support longer-term growth but may limit near-term profit expansion. PDD Holdings Q2 earnings call transcript
• Negative Sentiment: Revenue fell short of consensus estimates of roughly $16.9 billion, and net profit declined about 12% year over year. Management cited aggressive price competition in China, particularly from domestic rivals, as well as regulatory challenges affecting international operations such as Temu. Reuters PDD quarterly revenue report

PDD Company Profile

PDD (NASDAQ: PDD) is the holding company best known for operating Pinduoduo, a China-based, mobile-first e-commerce platform that emphasizes interactive, social shopping and group-buying mechanics to drive user engagement and low prices. Founded in 2015 by entrepreneur Colin Huang, the business has grown by connecting consumers directly with merchants and manufacturers, with particular emphasis on value-oriented goods and fresh agricultural produce. The company is based in Shanghai and completed a U.S.