Pinduoduo Inc. with ticker code (PDD) now have 35 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 137.97 and 49.99 calculating the mean target price we have 85.53. Given that the stocks previous close was at 67.82 this indicates there is a potential upside of 26.1%. The day 50 moving average is 56.52 and the 200 day MA is 52.42. The market capitalisation for the company is $88,343m. Company Website: https://www.pinduoduo.com
The potential market cap would be $111,412m based on the market concensus.
Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People’s Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverages, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was incorporated in 2015 and is headquartered in Shanghai, the People’s Republic of China.
