Pinduoduo Inc. with ticker code (PDD) have now 34 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 137.97 and 44.99 with a mean TP of 78.89. Given that the stocks previous close was at 68.19 this would indicate that there is a potential upside of 15.7%. There is a 50 day moving average of 56.26 and the 200 day MA is 52.53. The company has a market capitalisation of $88,204m. Find out more information at: https://www.pinduoduo.com
The potential market cap would be $102,044m 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.
