What Should You know About PDD Before Investing?

By Kent Smith • Monday, October 24 12:00 • Permanent Link

Shares of Consumer Cyclical sector company Pinduoduo moved -28.6% today, and are now trading at a price of $42.08. It is falling along with many other Chinese stocks over fears of worsening economic conditions under Xi Jinping's cemented leadership over the country.

Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. The company is based in Shanghai and has 9,762 full time employees. Its market capitalization is $52,738,568,192.

34 analysts are following Pinduoduo and have set target prices ranging from $44.98 to $137.94 per share. On average, they have given the company a rating of buy. At today's prices, PDD is trading -41.0% away from its average analyst target price of $71.32 per share.

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The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.