PDD HOLDINGS INC (PDD) Forecast, Price Target & Analyst Ratings

NASDAQ:PDD • US7223041028

Current stock price

96.19 USD
-1.24 (-1.27%)
At close:
96.6 USD
+0.41 (+0.43%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for PDD HOLDINGS INC (PDD).

Forecast Snapshot

Consensus Price Target

Price Target
$149.43
+ 55.35% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 25, 2026
Period
Q4 / 2025
EPS Estimate
CN¥21.05
Revenue Estimate
125.743B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
78.14%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$149.43
Upside
+ 55.35%
From current price of $96.19 to mean target of $149.43, Based on 43 analyst forecasts
Low
$119.18
Median
$149.94
High
$231.00

Price Target Revisions

1 Month
0.09%
3 Months
1.38%

Price Target Summary

43 Wall Street analysts provided a forecast for the next 12 months for PDD. The average price target is 149.43 USD. This implies a price increase of 55.35% is expected in the next year compared to the current price of 96.19.
The average price target has been revised upward by 1.38% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

PDD Current Analyst RatingPDD Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10 15 20

Analyst Ratings History

PDD Historical Analyst RatingsPDD Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30 40 50

Analyst Ratings Consensus

ChartMill Buy Consensus
78.14%
PDD was analyzed by 43 analysts. The buy percentage consensus is at 78. So analysts seem to be have mildly positive about PDD.
In the previous month the buy percentage consensus was at a similar level.
PDD was analyzed by 43 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-01-06Freedom Capital MarketsMaintains Buy -> Buy
2025-11-19B of A SecuritiesMaintains Neutral -> Neutral
2025-08-26BenchmarkReiterate Buy -> Buy
2025-08-26BarclaysMaintains Overweight -> Overweight
2025-08-26B of A SecuritiesMaintains Neutral -> Neutral
2025-08-26New Street ResearchDowngrade Buy -> Neutral
2025-05-28China RenaissanceDowngrade Buy -> Hold
2025-05-28BenchmarkMaintains Buy -> Buy
2025-05-28JP MorganMaintains Neutral -> Neutral
2025-05-27JefferiesMaintains Buy -> Buy
2025-05-12CitigroupUpgrade Neutral -> Buy
2025-03-21BenchmarkReiterate Buy -> Buy
2025-03-21JP MorganMaintains Neutral -> Neutral
2025-03-20US Tiger Securities, IncDowngrade Buy -> Hold
2025-03-20NomuraDowngrade Buy -> Neutral
2025-03-20JefferiesMaintains Buy -> Buy
2024-11-22BenchmarkMaintains Buy -> Buy
2024-11-22JP MorganDowngrade Overweight -> Neutral
2024-11-21JefferiesMaintains Buy -> Buy
2024-10-07MacquarieUpgrade Neutral -> Outperform
2024-08-27BernsteinMaintains Outperform -> Outperform
2024-08-27BenchmarkMaintains Buy -> Buy
2024-08-27BarclaysMaintains Overweight -> Overweight
2024-08-27B of A SecuritiesMaintains Buy -> Buy
2024-08-27CitigroupDowngrade Buy -> Neutral

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 25, 2026
Period
Q4 / 2025
EPS Estimate
CN¥21.05
Revenue Estimate
125.743B
Revenue Q2Q
13.68%
EPS Q2Q
4.46%
Number of Analysts
16

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
0.08%
EPS (1 Month)
0.00%
EPS (3 Months)
0.39%

Next Earnings Summary

PDD is expected to report earnings on 5/25/2026. The consensus EPS estimate for the next earnings is 21.05 USD and the consensus revenue estimate is 125.74B USD.
The next earnings revenue estimate has been revised upward by 0.08% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
PDD revenue by date.PDD revenue by date.
130.558B
38.97%		247.639B
89.68%		393.836B
59.04%		438.622B
11.37%		503.621B
14.82%		565.099B
12.21%		638.695B
13.02%		655.542B
2.64%		660.645B
0.78%		673.272B
1.91%		626.955B
-6.88%		643.135B
2.58%
EBITDA
YoY % growth
PDD ebitda by date.PDD ebitda by date.
33.137B
279.10%		60.587B
82.84%		111.064B
83.31%		102.928B
-7.33%		127.571B
23.94%		156.066B
22.34%		139.462B
-10.64%		142.472B
2.16%		143.494B
0.72%		142.816B
-0.47%		142.005B
-0.57%		141.059B
-0.67%
EBIT
YoY % growth
PDD ebit by date.PDD ebit by date.
30.402B
340.81%		58.699B
93.08%		108.423B
84.71%		103.762B
-4.30%		127.944B
23.31%		154.88B
21.05%		129.894B
-16.13%		130.056B
0.12%		130.189B
0.10%		125.007B
-3.98%		119.442B
-4.45%		N/A
Operating Margin
PDD operating margin by date.PDD operating margin by date.
23.29%23.70%27.53%23.66%25.40%27.41%20.34%19.84%19.71%18.57%19.05%N/A
EPS
YoY % growth
PDD eps by date.PDD eps by date.
27.45
192.33%		46.32
68.74%		82.70
78.54%		77.24
-6.60%		88.67
14.80%		102.99
16.15%		111.00
7.78%		117.31
5.68%		122.06
4.05%		126.85
3.93%		131.76
3.87%		136.77
3.79%

All data in CNY

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q4 / 25 Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		21.05
4.46%		18.15
59.06%		22.71
2.92%		23.11
9.61%		26.95
28.05%		22.59
24.48%		27.33
20.33%		31.78
37.56%		45.12
67.41%
Revenue
Q2Q % growth		125.743B
13.68%		112.334B
17.42%		129.202B
24.25%		133.739B
23.52%		162.947B
29.59%		174.579B
55.41%		197.939B
53.20%		209.039B
56.30%		268.508B
64.78%
EBITDA
Q2Q % growth		30.318B
8.26%		27.817B
11.78%		35.289B
36.86%		41.127B
62.77%		51.458B
69.73%		35.965B
29.29%		45.357B
28.53%		54.445B
32.38%		75.111B
45.97%
EBIT
Q2Q % growth		29.227B
14.20%		15.007B
-6.71%		29.383B
13.92%		29.025B
15.98%		36.035B
23.29%		N/AN/AN/AN/A

All data in CNY

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

PDD Yearly Revenue VS EstimatesPDD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 200B 400B 600B
PDD Yearly EPS VS EstimatesPDD Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 50 100

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
7.59%
EPS Next 5 Year
7.24%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
12.04%
Revenue Next 5 Year
10.29%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
8.85%
EBIT Next 5 Year
3.32%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

PDD HOLDINGS INC / PDD Forecast FAQ

What is the average price target for PDD HOLDINGS INC (PDD) stock?

43 analysts have analysed PDD and the average price target is 149.43 USD. This implies a price increase of 55.35% is expected in the next year compared to the current price of 96.19.

When does PDD HOLDINGS INC (PDD) report earnings?

PDD HOLDINGS INC (PDD) will report earnings on 2026-05-25, before the market open.

What are the consensus estimates for PDD HOLDINGS INC (PDD) next earnings?

The consensus EPS estimate for the next earnings of PDD HOLDINGS INC (PDD) is 21.05 USD and the consensus revenue estimate is 125.74B USD.

How many analysts cover PDD HOLDINGS INC (PDD) stock?

The number of analysts covering PDD HOLDINGS INC (PDD) is 43.