Pinduoduo Inc.'s (NASDAQ:PDD) Shift From Loss To Profit [Yahoo! Finance News]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: Yahoo! Finance News
Pinduoduo Inc.'s NASDAQ:PDD Check out our latest analysis for Pinduoduo According to the 26 industry analysts covering PDD, the consensus is breakeven is near. They anticipate the company to incur a final loss in 2020, before generating positive profits of CN¥5.5b in 2021. Therefore, PDD is expected to breakeven roughly a few months from now. How fast will PDD have to grow each year in order to reach the breakeven point by 2021? Working backwards from analyst estimates, it turns out that they expect the company to grow 104% year-on-year, on average, which is extremely buoyant. Should the business grow at a slower rate, it will become profitable at a later date than expected. I’m not going to go through company-specific developments for PDD given that this is a high-level summary, though, keep in mind that by and large a high forecast growth rate is not unusual for a company that is currently undergoing an investment period. Before I wrap up, there’s one aspect worth mentioning. PDD h
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PDD
News
- PDD Holdings Inc. (NASDAQ: PDD) had its price target lowered by analysts at Benchmark Co. from $185.00 to $160.00. They now have a "buy" rating on the stock.MarketBeat
- PDD Holdings Inc. (NASDAQ: PDD) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating.MarketBeat
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PDD
Earnings
- 11/21/24 - Beat
PDD
Sec Filings
- 11/21/24 - Form 6-K
- 10/22/24 - Form SC
- 10/21/24 - Form SC
- PDD's page on the SEC website