PDD (PDD) Projected to Post Earnings on Thursday

PDD (NASDAQ:PDD) will likely be issuing its quarterly earnings data before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of $2.56 per share and revenue of $115.77 billion for the quarter.

PDD Price Performance

Shares of PDD opened at $128.90 on Tuesday. The stock has a market cap of $177.35 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 0.32 and a beta of 0.69. PDD has a 1 year low of $88.01 and a 1 year high of $164.69. The stock’s 50-day moving average price is $113.47 and its two-hundred day moving average price is $112.48. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Benchmark reduced their price objective on shares of PDD from $185.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. cut shares of PDD from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $170.00 to $105.00 in a research report on Friday, November 22nd. Dbs Bank cut shares of PDD from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 22nd. Finally, Jefferies Financial Group reduced their target price on PDD from $181.00 to $171.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Three 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $173.40.

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.