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

PDD (NASDAQ:PDD) had its target price reduced by investment analysts at Benchmark from $160.00 to $127.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s target price would indicate a potential upside of 46.63% from the company’s current price.

PDD has been the topic of a number of other reports. Nomura raised PDD from a “neutral” rating to a “buy” rating and set a $136.00 price objective on the stock in a research note on Friday, March 27th. Morgan Stanley set a $129.00 price objective on PDD in a research note on Wednesday. Wall Street Zen lowered PDD from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Arete Research raised PDD from a “neutral” rating to a “buy” rating and set a $121.00 price objective on the stock in a research note on Friday, April 17th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of PDD in a research note on Thursday. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, PDD presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.33.

PDD Trading Down 10.4%

Shares of PDD opened at $86.61 on Thursday. The company has a market capitalization of $123.28 billion, a PE ratio of 9.21, a PEG ratio of 0.91 and a beta of 0.04. PDD has a 12 month low of $83.61 and a 12 month high of $139.41. The stock’s 50-day moving average price is $99.13 and its two-hundred day moving average price is $106.92.

Hedge Funds Weigh In On PDD

Several institutional investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC grew its stake in PDD by 11.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 242,722 shares of the company’s stock valued at $27,522,000 after purchasing an additional 25,369 shares during the period. Step Capital Management Pte. Ltd. bought a new position in PDD in the 4th quarter valued at $8,504,000. Triata Capital Ltd grew its stake in PDD by 55.7% in the 3rd quarter. Triata Capital Ltd now owns 2,544,478 shares of the company’s stock valued at $336,304,000 after purchasing an additional 910,150 shares during the period. LBP AM SA bought a new position in PDD in the 4th quarter valued at $6,690,000. Finally, Aspex Management HK Ltd bought a new position in PDD in the 3rd quarter valued at $419,287,000. 39.83% of the stock is owned by institutional investors and hedge funds.

PDD News Summary

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

About PDD

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.