PDD Stock Recent News

AZZ, CMPR and PDD made it to the Zacks Rank #1 (Strong Buy) growth stocks list on April 12, 2024.

PDD, NVDA and UGP made it to the Zacks Rank #1 (Strong Buy) growth stocks list on April 10, 2023.

In the latest trading session, PDD Holdings Inc. (PDD) closed at $117.58, marking a -0.25% move from the previous day.

PDD Holdings Inc. (PDD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

UGP, PDD and NVDA made it to the Zacks Rank #1 (Strong Buy) growth stocks list on April 8, 2023.

PDD Holdings is a secretive company with strong growth and free cash flows, making its stock cheap at 13x forward free cash flow. The company has nearly $7.5 billion of net cash and could easily repay its convertible notes. PDD has the potential for 60% CAGR in 2024 and could see $15 billion of free cash flow, making its current valuation of 13x free cash flow undervalued.

The consensus price target hints at a 39.7% upside potential for PDD Holdings Inc. (PDD). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Zacks.com users have recently been watching PDD Holdings Inc. (PDD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

NVDA, PDD and UGP made it to the Zacks Rank #1 (Strong Buy) growth stocks list on April 4, 2023.