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Pinduoduo Inc. (PDD) PT Lowered to $127 at Benchmark

Thu, 28 May 2026 10:06:13 -0400

(Updated - May 28, 2026 10:06 AM EDT)

Benchmark analyst Fawne Jiang lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $127.00 (from $160.00) while maintaining a Buy rating.

The analyst commented, "PDD reported disappointing 1Q26 results, underperforming on both the topline and bottom-line, reflecting weaker domestic monetization trends and continued pressure from elevated ecosystem, compliance, and supply chain investments. We continue to view PDD as a high-quality platform with solid long-term growth potential, and believe management is directionally making the right strategic moves through supply chain reform, merchant empowerment, logistics upgrades, and brand-building initiatives. However, monetization appears to be taking

Pinduoduo Inc. (PDD) PT Lowered to $127 at Benchmark

Thu, 28 May 2026 10:06:13 -0400

(Updated - May 28, 2026 10:06 AM EDT)

Benchmark analyst Fawne Jiang lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $127.00 (from $160.00) while maintaining a Buy rating.

Pinduoduo Inc. (PDD) PT Lowered to $160 at Freedom Broker

Thu, 28 May 2026 09:50:34 -0400

Freedom Broker analyst Roman Lukianchikov lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $160.00 (from $170.00) while maintaining a Buy rating.

The analyst comments "The company reported quarterly results below expectations. PDD’s current transition period increases uncertainty regarding the company’s financial results over the coming quarters, especially amid weakening domestic demand in China. However, it also creates opportunities for accelerated recovery in the future thanks to these new initiatives. Investments currently weighing

Pinduoduo Inc. (PDD) PT Lowered to $160 at Freedom Broker

Thu, 28 May 2026 09:50:34 -0400

Freedom Broker analyst Roman Lukianchikov lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $160.00 (from $170.00) while maintaining a Buy rating.

Form 6-K PDD Holdings Inc. For: May 28

Thu, 28 May 2026 06:21:00 -0400

si-local-file:///var/storage/secattach/20260528/26560705.html

Form 6-K PDD Holdings Inc. For: May 28

Thu, 28 May 2026 06:21:00 -0400

si-local-file:///var/storage/secattach/20260528/26560705.html

Form 6-K PDD Holdings Inc. For: May 28

Thu, 28 May 2026 06:21:00 -0400

si-local-file:///var/storage/secattach/20260528/26560705.html

Barclays Downgrades Pinduoduo Inc. (PDD) to Equalweight, 'entering private label market may cause friction with merchants'

Thu, 28 May 2026 06:10:42 -0400

Barclays analyst Jiong Shao downgraded Pinduoduo Inc. (NASDAQ: PDD) from Overweight to Equalweight with a price target of $89.00 (from $165.00).

The analyst comments "Summary: 1Q results suggest core China business weaker than expected while Temu growth accelerates; the issue here is that PDD historically had an industry-high monetization rate in China and those take rates are now under pressure as Chinese regulators have become increasingly protective of small merchants. We highlight PDD launched a 100bn RMB merchant support fund in April last year. With lower take rates, China revenue growth rate is likely to be below its GMV growth rate,

Barclays Downgrades Pinduoduo Inc. (PDD) to Equalweight, 'entering private label market may cause friction with merchants'

Thu, 28 May 2026 06:10:42 -0400

Barclays analyst Jiong Shao downgraded Pinduoduo Inc. (NASDAQ: PDD) from Overweight to Equalweight with a price target of $89.00 (from $165.00).

Barclays Downgrades Pinduoduo Inc. (PDD) to Equalweight, 'entering private label market may cause friction with merchants'

Thu, 28 May 2026 06:10:42 -0400

Barclays analyst Jiong Shao downgraded Pinduoduo Inc. (NASDAQ: PDD) from Overweight to Equalweight with a price target of $89.00 (from $165.00).

Barclays Downgrades Pinduoduo Inc. (PDD) to Equalweight, 'entering private label market may cause friction with merchants'

Thu, 28 May 2026 06:10:42 -0400

Barclays analyst Jiong Shao downgraded Pinduoduo Inc. (NASDAQ: PDD) from Overweight to Equalweight with a price target of $89.00 (from $165.00).

Pinduoduo Inc. (PDD) PT Lowered to $145 at Goldman Sachs

Thu, 28 May 2026 04:17:47 -0400

Goldman Sachs analyst Ronald Keung lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $145.00 (from $158.00) while maintaining a Buy rating.

The analyst comments: “While 1Q results came in below expectations on softer marketing services growth (+2% yoy) and EPS miss (-17% yoy) mostly on below-the-line items, we are encouraged by further acceleration in transaction service revenue growth (+20% yoy, an indication of Temu's GMV growth acceleration) and group operating profit growth in the quarter (+16% yoy, that implied significant improvement in Temu GMV margin yoy). More importantly, we view commencement of its first-party brand ("Xin Pin Mu") investment

Pinduoduo Inc. (PDD) PT Lowered to $145 at Goldman Sachs

Thu, 28 May 2026 04:17:47 -0400

Goldman Sachs analyst Ronald Keung lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $145.00 (from $158.00) while maintaining a Buy rating.

Macquarie Downgrades Pinduoduo Inc. (PDD) to Neutral

Thu, 28 May 2026 02:35:12 -0400

Macquarie analyst Ellie Jiang downgraded Pinduoduo Inc. (NASDAQ: PDD) from Outperform to Neutral with a price target of $87.00 (from $151.00).

The analyst comments: “PDD's 1Q26 revenue increased 11% to Rmb106bn, but adjusted NP fell 17% YoY, with a notably significant investment loss of Rmb2bn during the quarter. While PDD now trades at a distressed 8.8x FY26E P/E multiple (vs 10x-12x for industry peers), we struggle to find tangible evidence to support a sustainable near-term earnings recovery, considering lacklustre consumption, aggressive ecommerce competition, and a continued need to invest for supply chains and overseas expansion.

Compared to other EC peers, PDD's profitability

Macquarie Downgrades Pinduoduo Inc. (PDD) to Neutral

Thu, 28 May 2026 02:35:12 -0400

Macquarie analyst Ellie Jiang downgraded Pinduoduo Inc. (NASDAQ: PDD) from Outperform to Neutral with a price target of $87.00 (from $151.00).

Compared to other EC peers, PDD's profitability

Pinduoduo Inc. (PDD) PT Lowered to $123 at Citi

Wed, 27 May 2026 13:45:27 -0400

Citi analyst Alicia Yap lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $123.00 (from $142.00) while maintaining a Buy rating.

Pinduoduo Inc. (PDD) PT Lowered to $129 at Morgan Stanley

Wed, 27 May 2026 12:16:44 -0400

Morgan Stanley analyst Eddy Wang lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $129.00 (from $148.00) while maintaining a Overweight rating.

The analyst comments "Cut PT to US$129, stay OW: We cut our EPS estimates by 14% for 2026, 13% for 2027, and 14% for 2028, and our outer-year forecasts by 13-15%, reflecting the 1Q26 earnings miss. We cut our PT from US$148 to US$129, implying 13.5x 2026e nonGAAP P/E, which we view as justified against the 6% earnings growth that we project for 2026-29."

Pinduoduo Inc. (PDD) PT Lowered to $129 at Morgan Stanley

Wed, 27 May 2026 12:16:44 -0400

Morgan Stanley analyst Eddy Wang lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $129.00 (from $148.00) while maintaining a Overweight rating.

Pinduoduo Inc. (PDD) PT Lowered to $100 at US Tiger Securities

Wed, 27 May 2026 10:56:31 -0400

(Updated - May 27, 2026 10:56 AM EDT)

US Tiger Securities analyst Bo Pei lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $100.00 (from $110.00) while maintaining a Hold rating.

The analyst commented: "We are maintaining our HOLD rating and lowering PT to $100 (was $110) after PDD reported a mixed 1Q26. Revenue came in at RMB106.2bn, up 11% y/y, ahead of Tiger by 3% but 3% below consensus. The top-line miss vs. Street was mainly driven by softer online marketing services, while transaction services remained the main growth driver. Operating profit was more resilient, with GAAP operating profit of

Pinduoduo Inc. (PDD) PT Lowered to $100 at US Tiger Securities

Wed, 27 May 2026 10:56:31 -0400

(Updated - May 27, 2026 10:56 AM EDT)

US Tiger Securities analyst Bo Pei lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $100.00 (from $110.00) while maintaining a Hold rating.

Pinduoduo Inc. (PDD) PT Lowered to $121 at Jefferies

Wed, 27 May 2026 10:10:32 -0400

Jefferies analyst Thomas Chong lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $121.00 (from $146.00) while maintaining a Buy rating.

The analyst comments "PDD reported 1Q results (link). Management comments the importance of supply chain as long term competitive moat. It sets up first party brand business and aims to invest RMB100bn for 3 years covering multiple areas. The goal is to support good manufacturers with its tech and scale. PDD continues to invest in agriculture products, industry belts and delivery support in remote areas. Maintain Buy and lower PT post softer than expected results."

Pinduoduo Inc. (PDD) PT Lowered to $121 at Jefferies

Wed, 27 May 2026 10:10:32 -0400

Jefferies analyst Thomas Chong lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $121.00 (from $146.00) while maintaining a Buy rating.

Pinduoduo (PDD) Misses Q1 EPS by RMB 7.26, Misses on Revenue

Wed, 27 May 2026 06:32:07 -0400

Pinduoduo (NASDAQ: PDD) reported Q1 EPS of RMB9.51, RMB7.26 worse than the analyst estimate of RMB16.77. Revenue for the quarter came in at RMB106.2 billion versus the consensus estimate of RMB109.82 billion.

For earnings history and earnings-related data on Pinduoduo (PDD) click here.

PDD Holdings Announces First Quarter 2026 Unaudited Financial Results

Wed, 27 May 2026 06:30:00 -0400

DUBLIN and SHANGHAI, May 27, 2026 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the first quarter ended March 31, 2026.

First Quarter 2026 Highlights

Total revenues in the quarter were RMB106.2 billion (US$¹15.4 billion), an increase of 11% from RMB95.7 billion in the same quarter of 2025.
Operating profit in the quarter was RMB19.6 billion (US$2.8 billion), an increase of 22% from RMB16.1 billion in the same quarter of 2025.

PDD Holdings Announces First Quarter 2026 Unaudited Financial Results

Wed, 27 May 2026 06:30:00 -0400

First Quarter 2026 Highlights

Total revenues in the quarter were RMB106.2 billion (US$¹15.4 billion), an increase of 11% from RMB95.7 billion in the same quarter of 2025.
Operating profit in the quarter was RMB19.6 billion (US$2.8 billion), an increase of 22% from RMB16.1 billion in the same quarter of 2025.