Benchmark Cuts PDD (NASDAQ:PDD) Price Target to $127.00

PDD (NASDAQ:PDD) had its price target dropped by investment analysts at Benchmark from $160.00 to $127.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 46.63% from the stock’s previous close.

Several other brokerages also recently weighed in on PDD. Wall Street Zen downgraded PDD from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. The Goldman Sachs Group restated a “buy” rating on shares of PDD in a research report on Thursday. Citigroup dropped their price objective on PDD from $142.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday. Sanford C. Bernstein set a $110.00 price objective on PDD in a research report on Wednesday. Finally, Arete Research upgraded PDD from a “neutral” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

PDD Stock Performance

Shares of PDD stock opened at $86.61 on Thursday. The stock’s fifty day moving average price is $99.13 and its two-hundred day moving average price is $106.92. The company has a market cap of $123.28 billion, a PE ratio of 9.21, a P/E/G ratio of 0.91 and a beta of 0.04. PDD has a fifty-two week low of $83.61 and a fifty-two week high of $139.41.

Hedge Funds Weigh In On PDD

Several large investors have recently bought and sold shares of the company. Oaktree Capital Management LP bought a new position in PDD in the first quarter valued at about $493,000. RBF Capital LLC bought a new position in PDD in the first quarter valued at about $2,044,000. H&H International Investment LLC raised its position in PDD by 71.2% in the first quarter. H&H International Investment LLC now owns 19,748,294 shares of the company’s stock valued at $2,017,881,000 after purchasing an additional 8,211,600 shares during the last quarter. Oddo BHF Asset Management Sas raised its position in PDD by 97.8% in the first quarter. Oddo BHF Asset Management Sas now owns 9,100 shares of the company’s stock valued at $930,000 after purchasing an additional 4,500 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in PDD by 17.2% in the first quarter. California State Teachers Retirement System now owns 362,290 shares of the company’s stock valued at $37,019,000 after purchasing an additional 53,081 shares during the last quarter. 39.83% of the stock is currently owned by institutional investors.

More PDD News

Here are the key news stories impacting PDD this week:

• Negative Sentiment: PDD reported first-quarter results that missed analyst expectations on both profit and revenue, including EPS well below consensus and revenue below forecasts, which pressured the stock. PDD Holdings Announces First Quarter 2026 Unaudited Financial Results
• Negative Sentiment: News reports highlighted that PDD shares fell sharply after the miss, with investors focused on weaker-than-expected profitability despite 11% revenue growth. PDD Holdings shares slide after revenue and profit miss
• Negative Sentiment: Additional coverage said Temu parent PDD posted a profit miss amid intensifying competition in China, reinforcing concerns that margins may stay under pressure. Temu Owner PDD Posts Profit Miss Amid Fierce Competition in China
• Neutral Sentiment: Management also unveiled a three-year supply chain investment plan, which could support long-term competitiveness but may keep near-term spending elevated. PDD’s Supply Chain Push Is Starting To Look More Amazon-Like
• Neutral Sentiment: There was also unusually heavy call-option activity ahead of the report, suggesting some traders were positioned for a larger move in the stock. PDD stock information
• Neutral Sentiment: An article discussing court trials between PDD and Shein over alleged copyright infringement adds legal overhang, but it is less directly tied to today’s earnings-driven move. Court trials between PDD and Shein

PDD Company Profile

PDD (NASDAQ: PDD) is the holding company best known for operating Pinduoduo, a China-based, mobile-first e-commerce platform that emphasizes interactive, social shopping and group-buying mechanics to drive user engagement and low prices. Founded in 2015 by entrepreneur Colin Huang, the business has grown by connecting consumers directly with merchants and manufacturers, with particular emphasis on value-oriented goods and fresh agricultural produce. The company is based in Shanghai and completed a U.S.