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PDD

PDD Holdings Inc.

PDD

NASDAQ·Consumer Cyclical·Department Stores·Mkt cap $117.5B

$82.36

▼ -0.19%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$71.94 - $139.41

P/E

1.42

Fwd P/E

1.18

Beta

-0.03

Div Yield

0.00%

Avg Vol

8.8M

Shares Out

1.4B

Mkt Cap

$117.5B

Price action

Price chart

Down 20.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Social shopping model
  • Low-cost product ecosystem
  • Advanced algorithmic recommendation
  • Deep rural/agricultural market penetration
▼

Bear Case

2 risks

  • Low volatility (beta 0.0).
  • Growth premium of 0.1x vs E-commerce & Marketplaces peers. Reasonable for this growth rate.

Growth

Strong growth ahead

International market expansion

Value

Growth premium of 0.1x vs E-commerce & Marketplaces peers. Reasonable for this growth rate.

Momentum

Weak

-18.2% over 3m

Quality

Strong

High-growth business (151% revenue growth, 56% gross margin). Profitable with strong growth momentum.

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 24, 2026

“
Q2 26 RECAP

MAY 27, 2026

Reported EPS of $1.38 vs $2.40 consensus (-42.5% surprise). Revenue of $15.4B vs $15.9B expected (-3.3%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-42.5%

Next: Aug 24, 2026

Revenue trend · last 8Q

—

—

+24%

+10%

+7%

+9%

+671%

-84%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$13.9B

$14.2B

$15.8B

$95.7B

$104.0B

$108.3B

$122.2B

$15.6B

Margins · last 8Q

Gross

—

Operating

—

Profit

11.8%

View full earnings history →

Wall Street consensus

9 analysts · 44% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

4

44%

Hold

4

44%

Sell

1

11%

Median Price Target

$105.00

▲ +27.5% vs $82.36

Low $87.00
Median $105.00
High $129.00

Latest: Daiwa Capital · Jun 24, 2026

6 analysts covering

View full analyst page →

vs Industry

How PDD stacks vs Department Stores

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.