PDD Holdings (PDD) Stock Overview
A multinational commerce group that owns and operates a portfolio of businesses. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for PDD from our risk checks.
PDD Community Fair Values
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Analyst Price Targets
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PDD Holdings Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$97.67 |
| 52 Week High | US$139.41 |
| 52 Week Low | US$95.24 |
| Beta | 0.058 |
| 1 Month Change | -4.41% |
| 3 Month Change | -3.34% |
| 1 Year Change | -7.83% |
| 3 Year Change | 52.28% |
| 5 Year Change | -27.46% |
| Change since IPO | 265.81% |
Recent News & Updates
PDD Holdings Is A Bet On The Future Of E-Commerce, Again
Apr 30
PDD: Future Returns Will Reflect Earnings Execution And Ongoing Regulatory Scrutiny
Analysts raised their price target on PDD Holdings to reflect an updated fair value estimate of about $111 per share. The increase is supported by slightly stronger assumptions for revenue growth, profit margins and earnings power, which have also driven recent research upgrades on the stock.PDD: Future Returns Will Depend On Regulatory Outcomes And Margin Volatility
Analysts reduced their price target on PDD Holdings by $28 to reflect a lower fair value estimate of $110.11, incorporating updated assumptions for revenue growth, profit margins, and a higher forward P/E multiple following recent regulatory developments and mixed research views. Analyst Commentary Recent research on PDD Holdings presents a mixed picture, with some firms turning more cautious while others still see upside potential.
PDD Holdings Inc. (PDD): The "Financial Fortress" on Shifting Sands
PDD Holdings Inc. (PDD) is currently navigating a high-stakes transition from hypergrowth to "high-quality" survival, closing the April 2, 2026, session at $100.87 USD on the NASDAQ.
PDD: Easing Regulatory Overhang And Investment Led Margins Will Support Future Repricing
Analysts have trimmed their fair value estimate for PDD Holdings by about $1 to $184, citing a slightly higher discount rate and P/E multiple, along with expectations for modestly stronger revenue growth and profit margins following recent target changes on the Street. Analyst Commentary Recent Street research on PDD Holdings points to a mixed set of views, but there are some clear areas where bullish analysts see value, execution progress, and potential support for the revised fair value estimate.Recent updates
PDD Holdings Is A Bet On The Future Of E-Commerce, Again
Apr 30PDD: Future Returns Will Reflect Earnings Execution And Ongoing Regulatory Scrutiny
Analysts raised their price target on PDD Holdings to reflect an updated fair value estimate of about $111 per share. The increase is supported by slightly stronger assumptions for revenue growth, profit margins and earnings power, which have also driven recent research upgrades on the stock.PDD: Future Returns Will Depend On Regulatory Outcomes And Margin Volatility
Analysts reduced their price target on PDD Holdings by $28 to reflect a lower fair value estimate of $110.11, incorporating updated assumptions for revenue growth, profit margins, and a higher forward P/E multiple following recent regulatory developments and mixed research views. Analyst Commentary Recent research on PDD Holdings presents a mixed picture, with some firms turning more cautious while others still see upside potential.PDD Holdings Inc. (PDD): The "Financial Fortress" on Shifting Sands
PDD Holdings Inc. (PDD) is currently navigating a high-stakes transition from hypergrowth to "high-quality" survival, closing the April 2, 2026, session at $100.87 USD on the NASDAQ.PDD: Easing Regulatory Overhang And Investment Led Margins Will Support Future Repricing
Analysts have trimmed their fair value estimate for PDD Holdings by about $1 to $184, citing a slightly higher discount rate and P/E multiple, along with expectations for modestly stronger revenue growth and profit margins following recent target changes on the Street. Analyst Commentary Recent Street research on PDD Holdings points to a mixed set of views, but there are some clear areas where bullish analysts see value, execution progress, and potential support for the revised fair value estimate.PDD: Future Returns Will Hinge On Managing Rising Regulatory And Policy Risks
Analysts have modestly lifted their PDD Holdings fair value estimate to about $119, citing updated assumptions around revenue growth, profit margins and future P/E expectations, even as recent research includes both price target increases and reductions across the Street. Analyst Commentary Recent research on PDD Holdings reflects a mix of optimism and caution, with some firms lifting fair value and others pulling back on previous enthusiasm.
PDD: Tariff Resilience And Smaller Regulatory Fine Will Support Future Upside
Analysts reduced their price target on PDD Holdings by $28 to $170, reflecting slightly lower fair value and revenue growth assumptions, along with a modest increase in projected profit margin and future P/E, as they factor in recent regulatory developments and ongoing investment-driven margin pressure. Analyst Commentary Recent research on PDD Holdings shows a split between bullish analysts who focus on long-term growth potential and bearish analysts who are more focused on regulatory risk, valuation reset, and sustained margin pressure.PDD: Future Returns Will Hinge On Reviving Domestic User Engagement
Analysts have trimmed their fair value estimate for PDD Holdings to about $118 from roughly $119, citing recent price target cuts, mixed quarterly readthroughs, and a shift toward higher assumed profit margins paired with a lower future P/E multiple in their updated models. Analyst Commentary Recent Street research on PDD Holdings reflects a cautious tone, with several bearish analysts trimming price targets and reassessing their growth and execution assumptions.PDD: Regulatory Clarity And Resilient Margins Will Drive Future Repricing
Analysts have nudged their fair value estimate for PDD Holdings higher to about $185 from roughly $174, reflecting updated assumptions around a higher future P/E multiple and slightly stronger profit margins after recent regulatory clarity in China and mixed but resilient quarterly results. Analyst Commentary Recent Street research on PDD Holdings has been mixed, with some firms taking a more cautious stance on the domestic business while others focus on execution, resilience to regulatory changes, and updated valuation frameworks.PDD: Long Term Tariff Resilience Will Support Future Upside Potential
The analyst price target for PDD Holdings has been raised from $140 to $170. Analysts point to the company’s resilience in adjusting to U.S. tariffs and duty rule changes, while accepting ongoing margin pressure as it continues to invest for the long term.PDD: Future Performance Will Depend On Reigniting Domestic User Engagement
Analysts have modestly raised their price target on PDD Holdings to about $119 from roughly $117, reflecting higher long term revenue growth expectations, despite a slightly lower profit margin outlook and some concerns over maturing user engagement trends in the core domestic business. Analyst Commentary Bearish analysts have begun to signal a more cautious stance on PDD Holdings, highlighting that the company is entering a phase where domestic user growth and engagement no longer provide the clear upside they once did.PDD: Execution On Mature Domestic Platform Will Support Future Upside Potential
Analysts have slightly reduced their price target on PDD Holdings by $5 to $135, citing signs of a maturing domestic business and recent stagnation in user engagement metrics as reasons for a more measured growth outlook. Analyst Commentary Analysts are converging on a more balanced view of PDD Holdings, with the reduced price target framed as a recalibration to slower, but still positive, growth expectations rather than a structural bear call on the business.PDD: Top-Line Expansion Will Offset Domestic User Engagement Concerns
Analysts have raised their price target for PDD Holdings from $145.77 to $146.91. This change reflects improved revenue growth projections, despite ongoing concerns about profit margins and the company's evolving business mix.PDD: Merchant Support Initiatives And Global Expansion Will Drive Near-Term Earnings Volatility
The analyst price target for PDD Holdings increased modestly by $0.65 to $145.77 per share. Analysts cited balanced growth initiatives and sustained profitability following stronger-than-expected second quarter results.Ecosystem Investments And Cost Discipline Will Shape Future E-Commerce Landscape
The analyst price target for PDD Holdings has been raised from approximately $143.36 to $145.12. Analysts cite stronger-than-expected profitability and continued disciplined growth, though they also note ongoing market volatility and competitive pressures as considerations for future expectations.Supply Chain And Ecosystem Investments Will Improve Operational Efficiency
Analysts raised PDD Holdings' price target from $125.60 to $140.27 following a Q2 earnings beat driven by strong profitability and competitive positioning despite ongoing margin pressures and concerns over the sustainability of these results amid regulatory and competitive uncertainties. Analyst Commentary Bullish analysts raised price targets following a Q2 earnings beat, citing better-than-expected profitability driven by cost discipline and competitive strength, with several seeing early signs of recovery amid challenging domestic and overseas conditions.With EPS Growth And More, PDD Holdings (NASDAQ:PDD) Makes An Interesting Case
Jul 28
Investors Shouldn't Overlook PDD Holdings' (NASDAQ:PDD) Impressive Returns On Capital
Jul 13Is PDD Holdings (NASDAQ:PDD) A Risky Investment?
Jun 28PDD Holdings: Sky-High Free Cash Flow Yield, Earnings On Tap
Mar 15PDD Holdings: Here Comes The Hard Part
Feb 25PDD's Outlook Changes With De Minimis Boom-Bust, Amazon Headwinds
Feb 07PDD Holdings will see accelerating growth with a 74% price target increase
Transaction services revenue surged 72% year-over-year, significantly outpacing expectationsPDD Holdings: Pushing Delivery Beyond Borders
Jan 07PDD Holdings: A Top E-Commerce Growth Play For 2025
Dec 31PDD Holdings: Cheap With A Christmas Catalyst (Rating Upgrade)
Dec 01
Innovative Strategies Drive Growth Amidst E-commerce Challenges And Market Expansion
Merchant support programs and cost reductions aim to drive revenue growth by enhancing innovation and expanding market reach.PDD: Near-Term Correction Doesn't Deter Our Bullish Bargain Hunt
Nov 23PDD Holdings: Strong Buy With An Outsized CAGR Likely Until 2026
Nov 16PDD Holdings: Brand Migration Driving Long-Term GMV Growth
Oct 25PDD: Shop Until You Drop
Oct 16PDD Stock: Chinese Stimulus Just Made The Bull Case Stronger
Sep 25PDD Holdings: Price Crash Could Be A Buying Opportunity
Aug 28PDD: Ready To Move Higher Post Q2 Earnings
Aug 21PDD Holdings: Looming Tariffs Likely Won't Stop Temu
Jul 16PDD: Strong Business Growth Thanks To Temu, Trading At Just 12x Earnings
Jun 22PDD: Untapped Growth Engine With Hidden Cash Potential
Jun 15PDD Holdings' Q1 Earnings: Great - With 1 Catch (Rating Downgrade)
May 22PDD Holdings: Offering High Growth, Strong Profits And Stability (SA Quant)
May 08PDD Holdings: I'm Buying This Now
Apr 08PDD Holdings: Revenues Soar But Gross Margins Continue To Collapse
Mar 30PDD Holdings: Blowout Earnings Show Stock Is Cheap Given Expected Growth
Mar 20PDD Holdings: It's Not Temu, But Macro Concerns That Encourage Caution
Feb 15PDD Holdings: The Only Survivor In China ADRs, Can Their Outperformance Last?
Jan 11Shareholder Returns
| PDD | US Multiline Retail | US Market | |
|---|---|---|---|
| 7D | -0.1% | 1.9% | -0.2% |
| 1Y | -7.8% | 26.5% | 27.6% |
Return vs Industry: PDD underperformed the US Multiline Retail industry which returned 26.5% over the past year.
Return vs Market: PDD underperformed the US Market which returned 27.6% over the past year.
Price Volatility
| PDD volatility | |
|---|---|
| PDD Average Weekly Movement | 4.3% |
| Multiline Retail Industry Average Movement | 6.1% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.3% |
Stable Share Price: PDD has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: PDD's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2015 | 23,465 | Lei Chen | www.pddholdings.com |
PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. It operates Pinduoduo platform which provides various product categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverages, consumer electronics, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness, and auto accessories; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023.
PDD Holdings Inc. Fundamentals Summary
| PDD fundamental statistics | |
|---|---|
| Market cap | US$138.69b |
| Earnings (TTM) | US$14.53b |
| Revenue (TTM) | US$63.15b |
9.5x
P/E Ratio2.2x
P/S RatioIs PDD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PDD income statement (TTM) | |
|---|---|
| Revenue | CN¥431.85b |
| Cost of Revenue | CN¥188.80b |
| Gross Profit | CN¥243.04b |
| Other Expenses | CN¥143.68b |
| Earnings | CN¥99.36b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 69.99 |
| Gross Margin | 56.28% |
| Net Profit Margin | 23.01% |
| Debt/Equity Ratio | 0% |
How did PDD perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/30 10:26 |
| End of Day Share Price | 2026/04/29 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
PDD Holdings Inc. is covered by 72 analysts. 34 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zixiao Yang | Arete Research Services LLP |
| Xiaoguang Zhao | Barclays |
| Jiong Shao | Barclays |