Out of 9 analysts, 6 (66.67%) are recommending PDD as a Strong Buy, 1 (11.11%) are recommending PDD as a Buy, 2 (22.22%) are recommending PDD as a Hold, 0 (0%) are recommending PDD as a Sell, and 0 (0%) are recommending PDD as a Strong Sell. What is PDD's earnings growth forecast for 2021-2023?

Is PDD a good buy?

According to TipRanks' analyst rating consensus, PDD stock comes in as a Moderate Buy. Out of 10 analyst ratings, there are 7 Buy recommendations, 2 Hold recommendations, and 1 Sell recommendation. As for price targets, the average Pinduoduo price target is $155.30.

Is PDD overvalued?

PDD appears to be extremely overvalued. In terms of trailing-12-month Price/Cash Flow, PDD is currently trading at 71.42x, 471.5% higher than the industry average of 12.50x. ... In the third quarter that ended September 30, 2020, PDD's total revenue increased 89% year-over-year to RMB14. 21 billion.