PDD Announces Third Quarter 2022 Unaudited Financial Results
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November 28, 2022 5:21 PM EST
Goldman Sachs analyst Ronald Keung raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $107.00 (from $95.00) while maintaining a Buy rating following earnings.
The analyst commented, "Factoring in strong 3Q results, we lift our revenue estimates by +8% to +12% and adj. operating profit... More
November 28, 2022 11:39 AM EST
US Tiger Securities analyst Bo Pei raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $85.00 (from $80.00) while maintaining a Buy rating following earnings.
The analyst commented, "We are maintaining our BUY rating and raising our price target to $85 (was $80) after PDD beat 3Q revenue and profit estimates by a wide margin with... More
November 28, 2022 6:34 AM EST
Pinduoduo (NASDAQ: PDD) reported Q3 EPS of RMB8.62 (US$1.21), RMB3.83 better than the analyst estimate of RMB4.79. Revenue for the quarter came in at RMB35.5 billion (US$4.991 billion) versus the consensus estimate of RMB30.71 billion.
For earnings history and earnings-related data on Pinduoduo (PDD) click here.
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