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PDD Holdings Inc has a consensus price target of $153.07 based on the ratings of 15 analysts. The high is $272 issued by UBS on May 22, 2024. The low is $48 issued by Nomura Instinet on March 22, 2022. The 3 most-recent analyst ratings were released by Macquarie, Barclays, and Benchmark on October 7, 2024, August 27, 2024, and August 27, 2024, respectively. With an average price target of $189 between Macquarie, Barclays, and Benchmark, there's an implied 58.16% upside for PDD Holdings Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for PDD Holdings (NASDAQ:PDD) was reported by Macquarie on October 7, 2024. The analyst firm set a price target for $224.00 expecting PDD to rise to within 12 months (a possible 87.45% upside). 28 analyst firms have reported ratings in the last year.
The latest analyst rating for PDD Holdings (NASDAQ:PDD) was provided by Macquarie, and PDD Holdings upgraded their outperform rating.
The last upgrade for PDD Holdings Inc happened on October 7, 2024 when Macquarie raised their price target to $224. Macquarie previously had a neutral for PDD Holdings Inc.
The last downgrade for PDD Holdings Inc happened on August 27, 2024 when Citigroup changed their price target from $194 to $120 for PDD Holdings Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of PDD Holdings, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for PDD Holdings was filed on October 7, 2024 so you should expect the next rating to be made available sometime around October 7, 2025.
While ratings are subjective and will change, the latest PDD Holdings (PDD) rating was a upgraded with a price target of $126.00 to $224.00. The current price PDD Holdings (PDD) is trading at is $119.50, which is out of the analyst’s predicted range.
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