PDD (PDD) Stock Forecast, Price Target & Predictions
PDD Stock Forecast
PDD stock forecast is as follows: an average price target of $131.63 (represents a -5.09% downside from PDD’s last price of $138.69) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.
PDD Price Target
The average price target for PDD (PDD) is $131.63 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $190.00 to $80.00. This represents a potential -5.09% downside from PDD's last price of $138.69.
PDD Analyst Ratings
According to 13 Wall Street analysts, PDD's rating consensus is 'Buy'. The analyst rating breakdown for PDD stock is 0 'Strong Buy' (0.00%), 11 'Buy' (84.62%), 2 'Hold' (15.38%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
PDD Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Mar 21, 2024 | Charlene Liu | HSBC | $190.00 | $122.30 | 55.36% | 37.00% |
| Mar 21, 2024 | Saiyi He | CMB International Securities | $155.40 | $122.30 | 27.06% | 12.05% |
| Mar 20, 2024 | Jiong Shao | Barclays | $178.00 | $132.17 | 34.68% | 28.34% |
| Mar 20, 2024 | Eddy Wang | Morgan Stanley | $181.00 | $132.17 | 36.94% | 30.51% |
| Mar 11, 2024 | Thomas Chong | Jefferies | $157.00 | $111.89 | 40.32% | 13.20% |
| Aug 30, 2023 | Ronald Keung | Goldman Sachs | $129.00 | $97.96 | 31.69% | -6.99% |
| May 30, 2023 | Andre Chang | J.P. Morgan | $110.00 | $71.42 | 54.02% | -20.69% |
| Mar 21, 2023 | Jerry Liu | UBS | $115.00 | $79.55 | 44.56% | -17.08% |
| Jan 09, 2023 | - | Goldman Sachs | $123.00 | $95.97 | 28.17% | -11.31% |
| Nov 29, 2022 | - | Citigroup | $111.00 | $74.05 | 49.90% | -19.97% |
The latest PDD stock forecast, released on Mar 21, 2024 by Charlene Liu from HSBC, set a price target of $190.00, which represents a 55.36% increase from the stock price at the time of the forecast ($122.30), and a 37.00% increase from PDD last price ($138.69).
PDD Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 5 | 7 |
| Avg Price Target | - | $172.28 | $157.20 |
| Last Closing Price | $138.69 | $138.69 | $138.69 |
| Upside/Downside | -100.00% | 24.22% | 13.35% |
In the current month, the average price target of PDD stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to PDD's last price of $138.69. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Mar 28, 2024 | Citigroup | Buy | Buy | Hold |
| Mar 21, 2024 | Barclays | Overweight | Overweight | Hold |
| Mar 21, 2024 | Jefferies | Buy | Buy | Hold |
| Mar 11, 2024 | Jefferies | Hold | Buy | Upgrade |
| Nov 07, 2023 | Goldman Sachs | Buy | Buy | Hold |
| Aug 30, 2023 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
| Aug 30, 2023 | Scotiabank | - | Outperform | Upgrade |
| Aug 30, 2023 | Compass Point | - | Buy | Upgrade |
| Aug 30, 2023 | Cowen & Co. | - | Market Perform | Downgrade |
| Aug 30, 2023 | Macquarie | Outperform | Neutral | Downgrade |
PDD's last stock rating was published by Citigroup on Mar 28, 2024. The company gave PDD a "Buy" rating, the same as its previous rate.
PDD Financial Forecast
PDD Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $37.64B | $39.82B | $35.50B | $31.44B | $23.79B | $27.23B | $21.51B | $23.05B | $22.17B | $26.55B | $14.21B | $12.19B | $6.54B | $10.79B | $7.51B |
| Avg Forecast | $200.08B | $167.72B | $167.78B | $145.71B | $156.02B | $130.50B | $128.24B | $109.42B | $116.92B | $97.54B | $89.69B | $75.07B | $79.35B | $54.86B | $43.33B | $32.21B | $41.29B | $30.82B | $23.93B | $20.47B | $29.84B | $25.85B | $26.65B | $19.85B | $19.00B | $12.20B | $12.19B | $5.16B | $10.92B | $7.56B |
| High Forecast | $210.08B | $176.11B | $176.16B | $152.99B | $163.82B | $137.02B | $134.65B | $114.89B | $122.76B | $102.42B | $90.96B | $78.46B | $80.61B | $55.31B | $45.49B | $33.82B | $43.36B | $32.36B | $25.12B | $21.50B | $31.33B | $27.14B | $27.98B | $20.84B | $19.95B | $12.80B | $12.80B | $5.42B | $11.47B | $7.93B |
| Low Forecast | $188.72B | $158.20B | $158.25B | $137.43B | $147.16B | $123.09B | $120.96B | $103.21B | $110.28B | $92.00B | $88.49B | $71.62B | $78.03B | $54.40B | $40.87B | $30.38B | $38.95B | $29.07B | $22.57B | $19.31B | $28.14B | $24.38B | $25.14B | $18.72B | $17.92B | $11.50B | $11.50B | $4.87B | $10.30B | $7.13B |
| # Analysts | 4 | 4 | 5 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 7 | 8 | 10 | 9 | 7 | 5 | 3 | 3 | 5 | 3 | 4 | 8 | 5 | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 0.96% | 1.15% | 1.31% | 1.16% | 0.91% | 0.83% | 0.86% | 1.12% | 1.40% | 1.17% | 1.00% | 1.27% | 0.99% | 0.99% |
PDD's average Quarter revenue forecast for Jun 23 based on 7 analysts is $43.33B, with a low forecast of $40.87B, and a high forecast of $45.49B. PDD's average Quarter revenue forecast represents a 15.12% increase compared to the company's last Quarter revenue of $37.64B (Mar 23).
PDD EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 5 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 7 | 8 | 10 | 9 | 7 | 5 | 3 | 3 | 5 | 3 | 4 | 8 | 5 | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $9.62B | $10.63B | $12.08B | $10.72B | $3.19B | $8.00B | $2.79B | $2.71B | $-2.57B | $-1.43B | $-619.07M | $-736.43M | $-3.97B | $-1.61B | $-2.33B |
| Avg Forecast | $13.96B | $11.70B | $11.71B | $10.17B | $10.89B | $9.11B | $8.95B | $7.64B | $8.16B | $6.81B | $6.26B | $5.24B | $5.54B | $3.83B | $3.02B | $2.25B | $2.88B | $-8.54B | $1.67B | $17.71B | $-4.61B | $-4.00B | $-4.12B | $-21.75B | $-2.94B | $-8.69B | $-9.16B | $-17.28B | $-1.69B | $-11.93B |
| High Forecast | $14.66B | $12.29B | $12.29B | $10.68B | $11.43B | $9.56B | $9.40B | $8.02B | $8.57B | $7.15B | $6.35B | $5.47B | $5.62B | $3.86B | $3.17B | $2.36B | $3.03B | $-6.83B | $1.75B | $21.25B | $-4.35B | $-3.77B | $-3.89B | $-17.40B | $-2.77B | $-6.95B | $-7.32B | $-13.82B | $-1.59B | $-9.55B |
| Low Forecast | $13.17B | $11.04B | $11.04B | $9.59B | $10.27B | $8.59B | $8.44B | $7.20B | $7.69B | $6.42B | $6.17B | $5.00B | $5.44B | $3.80B | $2.85B | $2.12B | $2.72B | $-10.24B | $1.57B | $14.17B | $-4.84B | $-4.20B | $-4.33B | $-26.10B | $-3.08B | $-10.42B | $-10.99B | $-20.73B | $-1.77B | $-14.32B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.28% | 3.69% | -1.41% | 6.42% | 0.18% | -1.73% | -0.70% | -0.66% | 0.12% | 0.49% | 0.07% | 0.08% | 0.23% | 0.95% | 0.20% |
7 analysts predict PDD's average Quarter EBITDA for Jun 23 to be $3.02B, with a high of $3.17B and a low of $2.85B. This is -68.57% lower than PDD's previous annual EBITDA (Mar 23) of $9.62B.
PDD Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 5 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 7 | 8 | 10 | 9 | 7 | 5 | 3 | 3 | 5 | 3 | 4 | 8 | 5 | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.10B | $9.45B | $10.59B | $8.90B | $2.60B | $6.60B | $1.64B | $2.41B | $-2.91B | $-1.38B | $-784.71M | $-899.35M | $-4.12B | $-1.75B | $-2.34B |
| Avg Forecast | $43.56B | $36.74B | $34.45B | $24.56B | $36.45B | $31.46B | $30.70B | $22.56B | $28.65B | $23.77B | $21.40B | $15.21B | $16.55B | $13.10B | $10.73B | $6.57B | $12.31B | $-10.82B | $44.51B | $14.49B | $2.26B | $-679.87M | $45.93B | $-24.59B | $-425.37M | $-11.01B | $-11.18B | $-17.93B | $-2.73B | $-11.97B |
| High Forecast | $46.39B | $39.13B | $36.69B | $26.16B | $38.82B | $33.51B | $32.70B | $24.02B | $30.51B | $25.32B | $23.98B | $16.54B | $17.07B | $13.31B | $11.42B | $7.00B | $13.10B | $-8.66B | $53.41B | $17.39B | $2.41B | $-629.71M | $55.12B | $-19.67B | $-393.99M | $-8.81B | $-8.94B | $-14.35B | $-2.53B | $-9.57B |
| Low Forecast | $40.34B | $34.03B | $31.90B | $22.75B | $33.76B | $29.14B | $28.44B | $20.89B | $26.53B | $22.02B | $18.73B | $13.78B | $16.04B | $12.78B | $9.94B | $6.08B | $11.40B | $-12.99B | $35.61B | $11.59B | $2.10B | $-724.02M | $36.75B | $-29.51B | $-452.99M | $-13.21B | $-13.42B | $-21.52B | $-2.90B | $-14.36B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.23% | 0.77% | -0.98% | 0.20% | 0.18% | 2.92% | -2.41% | 0.05% | 0.12% | 3.24% | 0.07% | 0.08% | 0.23% | 0.64% | 0.20% |
PDD's average Quarter net income forecast for Jun 23 is $10.73B, with a range of $9.94B to $11.42B. PDD's average Quarter net income forecast represents a 32.42% increase compared to the company's last Quarter net income of $8.10B (Mar 23).
PDD SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 5 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 7 | 8 | 10 | 9 | 7 | 5 | 3 | 3 | 5 | 3 | 4 | 8 | 5 | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $17.08B | $19.37B | $14.96B | $12.17B | $11.81B | $11.79B | $10.39B | $10.82B | $13.35B | $15.12B | $10.44B | $9.51B | $7.63B | $9.62B | $7.35B |
| Avg Forecast | $118.07B | $98.98B | $99.01B | $85.98B | $92.07B | $77.01B | $75.68B | $64.57B | $68.99B | $57.56B | $52.93B | $44.30B | $46.83B | $32.37B | $25.57B | $19.01B | $24.37B | $18.19B | $14.12B | $16.87B | $24.58B | $21.29B | $21.95B | $16.35B | $15.65B | $10.05B | $10.04B | $4.25B | $9.00B | $6.23B |
| High Forecast | $123.97B | $103.92B | $103.96B | $90.28B | $96.67B | $80.86B | $79.46B | $67.80B | $72.44B | $60.44B | $53.68B | $46.30B | $47.57B | $32.64B | $26.85B | $19.96B | $25.59B | $19.09B | $14.83B | $17.71B | $25.81B | $22.36B | $23.05B | $17.17B | $16.44B | $10.55B | $10.54B | $4.47B | $9.45B | $6.54B |
| Low Forecast | $111.36B | $93.35B | $93.38B | $81.10B | $86.84B | $72.64B | $71.38B | $60.90B | $65.08B | $54.29B | $52.22B | $42.26B | $46.05B | $32.10B | $24.12B | $17.93B | $22.98B | $17.15B | $13.32B | $15.91B | $23.18B | $20.09B | $20.71B | $15.42B | $14.77B | $9.48B | $9.47B | $4.01B | $8.49B | $5.87B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | 0.79% | 0.82% | 0.86% | 0.70% | 0.48% | 0.49% | 0.49% | 0.82% | 0.97% | 1.04% | 0.95% | 1.80% | 1.07% | 1.18% |
PDD's average Quarter SG&A projection for Jun 23 is $25.57B, based on 7 Wall Street analysts, with a range of $24.12B to $26.85B. The forecast indicates a 49.73% rise compared to PDD last annual SG&A of $17.08B (Mar 23).
PDD EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 5 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 7 | 8 | 10 | 9 | 7 | 5 | 3 | 3 | 5 | 3 | 4 | 8 | 5 | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.12 | $7.40 | $8.40 | $7.04 | $2.08 | $5.25 | $1.32 | $1.92 | $-2.32 | $-1.12 | $-0.66 | $-0.76 | $-3.56 | $-1.52 | $-2.00 |
| Avg Forecast | $29.62 | $24.98 | $23.42 | $16.70 | $24.78 | $21.39 | $20.88 | $15.34 | $19.48 | $16.16 | $14.55 | $10.34 | $11.26 | $8.91 | $7.29 | $4.47 | $8.37 | $4.86 | $2.96 | $1.83 | $1.54 | $-0.46 | $-1.88 | $-2.47 | $-0.29 | $-1.43 | $-1.53 | $-2.06 | $-1.86 | $-0.84 |
| High Forecast | $31.54 | $26.60 | $24.94 | $17.79 | $26.40 | $22.78 | $22.23 | $16.33 | $20.74 | $17.21 | $16.30 | $11.25 | $11.60 | $9.05 | $7.77 | $4.76 | $8.91 | $5.17 | $3.15 | $1.95 | $1.64 | $-0.43 | $-1.74 | $-2.28 | $-0.27 | $-1.32 | $-1.41 | $-1.91 | $-1.72 | $-0.77 |
| Low Forecast | $27.43 | $23.14 | $21.69 | $15.47 | $22.95 | $19.81 | $19.34 | $14.21 | $18.04 | $14.97 | $12.73 | $9.37 | $10.91 | $8.69 | $6.76 | $4.14 | $7.75 | $4.50 | $2.74 | $1.69 | $1.43 | $-0.49 | $-2.00 | $-2.63 | $-0.31 | $-1.52 | $-1.62 | $-2.20 | $-1.98 | $-0.89 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.37% | 0.88% | 1.73% | 2.38% | 1.14% | 3.40% | -2.85% | -1.02% | 0.94% | 3.86% | 0.46% | 0.50% | 1.73% | 0.82% | 2.39% |
According to 7 Wall Street analysts, PDD's projected average Quarter EPS for Jun 23 is $7.29, with a low estimate of $6.76 and a high estimate of $7.77. This represents a 19.18% increase compared to PDD previous annual EPS of $6.12 (Mar 23).
PDD Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FTCH | Farfetch | $0.64 | $32.73 | 5014.06% | Buy |
| JD | JD | $33.35 | $87.15 | 161.32% | Buy |
| SE | Sea | $66.26 | $169.51 | 155.83% | Buy |
| BZUN | Baozun | $3.01 | $6.40 | 112.62% | Buy |
| BABA | Alibaba Group | $79.51 | $165.22 | 107.80% | Buy |
| GLBE | Global-e Online | $29.81 | $53.40 | 79.13% | Buy |
| AMZN | Amazon | $187.07 | $187.01 | -0.03% | Buy |
| VIPS | Vipshop | $16.40 | $16.07 | -2.01% | Buy |
| MELI | MercadoLibre | $1.68K | $1.60K | -4.86% | Buy |
| PDD | PDD | $138.69 | $131.63 | -5.09% | Buy |
PDD Forecast FAQ
Is PDD a good buy?
Yes, according to 13 Wall Street analysts, PDD (PDD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 11 'Buy' recommendations, accounting for 84.62% of PDD's total ratings.
What is PDD's price target?
PDD (PDD) average price target is $131.63 with a range of $80 to $190, implying a -5.09% from its last price of $138.69. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will PDD stock go up soon?
According to Wall Street analysts' prediction for PDD stock, the company can go down by -5.09% (from the last price of $138.69 to the average price target of $131.63), up by 37.00% based on the highest stock price target, and down by -42.32% based on the lowest stock price target.
Can PDD stock reach $200?
PDD's average twelve months analyst stock price target of $131.63 does not support the claim that PDD can reach $200 in the near future.
What are PDD's analysts' financial forecasts?
PDD's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $524.19B (high $550.39B, low $494.42B), average EBITDA is $36.58B (high $38.4B, low $34.5B), average net income is $121.18B (high $129.05B, low $112.23B), average SG&A $309.33B (high $324.79B, low $291.76B), and average EPS is $82.39 (high $87.75, low $76.31). PDD's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $681.29B (high $715.34B, low $642.6B), average EBITDA is $47.54B (high $49.91B, low $44.84B), average net income is $139.31B (high $148.36B, low $129.02B), average SG&A $402.04B (high $422.13B, low $379.21B), and average EPS is $94.72 (high $100.87, low $87.73).
Did the PDD's actual financial results beat the analysts' financial forecasts?
Based on PDD's last annual report (Dec 2022), the company's revenue was $130.56B, beating the average analysts forecast of $116.51B by 12.05%. Apple's EBITDA was $36.62B, beating the average prediction of $13.73B by 166.79%. The company's net income was $31.54B, missing the average estimation of $60.49B by -47.86%. Apple's SG&A was $58.31B, missing the average forecast of $73.54B by -20.71%. Lastly, the company's EPS was $24.96, beating the average prediction of $18.02 by 38.55%. In terms of the last quarterly report (Mar 2023), PDD's revenue was $37.64B, beating the average analysts' forecast of $32.21B by 16.86%. The company's EBITDA was $9.62B, beating the average prediction of $2.25B by 328.09%. PDD's net income was $8.1B, beating the average estimation of $6.57B by 23.32%. The company's SG&A was $17.08B, missing the average forecast of $19.01B by -10.15%. Lastly, the company's EPS was $6.12, beating the average prediction of $4.47 by 37.01%