▼ -24.18% Downside Potential
This price target is based on 19 analysts offering 12 month price targets for Pinduoduo in the last 3 months. The average price target is $109.22, with a high forecast of $197.00 and a low forecast of $38.00. The average price target represents a -24.18% upside from the last price of $144.06.
The current consensus among 19 polled investment analysts is to buy stock in Pinduoduo. This rating has held steady since June 2019, when it changed from a Hold consensus rating.
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 beverage, 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 founded in 2015 and is headquartered in Shanghai, the People's Republic of China.