88/100BPinduoduo stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Pinduoduo is 94.25, 19.4% above the current price of 78.96. Their targets range from 80.00 to 110.00.
Of the 11 firms that rated Pinduoduo in the past 12 months, 4 rate it buy or strong buy, 7 hold and 0 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 80.00 to 110.00, with an average of 94.25.
| Buy | 4 | |
| Hold | 7 | |
| Sell | 0 |
12-month price target
| Highest target | 110.00 |
| Average target | 94.25 |
| Lowest target | 80.00 |
| Current price | 78.96 |
Pinduoduo price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Pinduoduo price target and rating?
How analysts rate Pinduoduo, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
4 of 11 firms rate it buy now, against 4 of 10 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Pinduoduo analyst upgrades, downgrades and price targets
The latest rating change came on 9 November 2026, when Morgan Stanley downgraded Pinduoduo from Overweight to Equal Weight. Its price target is 90.00, from 129.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 9 Nov 2026 | Morgan Stanley Eddy Wang | Downgraded · Overweight → Equal Weight | 129.00 → 90.00 | -30.2% | 83.03 |
| 7 Sept 2026 | Arete Research | — | 121.00 → 93.00 | -23.1% | 82.21 |
| 24 Aug 2026 | Deutsche Bank Peter Milliken | — | 105.00 | — | 86.77 |
| 24 Jun 2026 | Daiwa Capital | Downgraded · Buy → Hold | — | — | — |
| 23 Jun 2026 | Daiwa | Downgraded · Buy → Hold | 80.00 | — | 76.15 |
| 28 May 2026 | Barclays Jiong Shao | Downgraded · Overweight → Equal Weight | 165.00 → 89.00 | -46.1% | 86.61 |
| 28 May 2026 | Macquarie | Downgraded · Outperform → Neutral | — | — | — |
| 27 May 2026 | Macquarie | — | 165.00 → 87.00 | -47.3% | 86.61 |
| 27 May 2026 | Bernstein | — | 135.00 → 110.00 | -18.5% | 86.61 |
| 27 May 2026 | Morgan Stanley | — | 148.00 → 129.00 | -12.8% | 85.09 |
| 27 May 2026 | US Tiger Securities Bo Pei | — | 100.00 | — | 85.29 |
| 17 Apr 2026 | Arete Research | — | 130.00 → 121.00 | -6.9% | 105.44 |
| 26 Mar 2026 | Nomura | — | 136.00 | — | 100.62 |
| 15 Jan 2026 | Morgan Stanley | — | 148.00 | — | 107.85 |
| 6 Jan 2026 | Loop Capital Markets Roman Lukianchikov | — | 170.00 | — | 123.34 |
| 9 Dec 2025 | Arete Research Zixiao Yang | — | 130.00 | — | 117.62 |
| 18 Nov 2025 | Bernstein Robin Zhu | — | 135.00 | — | 119.58 |
Pinduoduo EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Pinduoduo's EPS to grow 13.6% a year until 2028.
Analysts expect Pinduoduo's revenue to grow 9.4% a year until 2028, slower than over the last 5 years (48.7% a year) and the last 3 years (49.0%).
Revenue
EPS
Does Pinduoduo beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 30.9% off the result, either way, and their revenue estimate 8.4%, over the last 12 quarters.
- EPS beats
- 25 / 32
- Revenue beats
- 13 / 32
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +14.4%
- Since
- November 2018
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q2 FY2026 | 24 Aug 2026 | 2.72 | 2.85 | +4.8% | 16.94B | 16.54B | -2.4% |
| Q1 FY2026 | 27 May 2026 | 2.40 | 1.38 | -42.5% | 15.92B | 15.40B | -3.3% |
| Q4 FY2025 | 25 Mar 2026 | 2.98 | 2.53 | -15.1% | 17.80B | 17.71B | -0.5% |
| Q3 FY2025 | 18 Nov 2025 | 2.21 | 2.96 | +33.9% | 17.57B | 15.21B | -13.5% |
| Q2 FY2025 | 25 Aug 2025 | 1.91 | 3.08 | +61.3% | 15.09B | 14.50B | -3.9% |
| Q1 FY2025 | 27 May 2025 | 2.49 | 1.56 | -37.3% | 14.30B | 13.14B | -8.1% |
| Q4 FY2024 | 20 Mar 2025 | 2.56 | 2.76 | +7.8% | 14.31B | 15.15B | +5.9% |
| Q3 FY2024 | 21 Nov 2024 | 2.76 | 2.65 | -4.1% | 14.52B | 14.15B | -2.5% |
| Q2 FY2024 | 26 Aug 2024 | 2.89 | 3.20 | +10.7% | 14.09B | 13.36B | -5.2% |
| Q1 FY2024 | 22 May 2024 | 1.60 | 2.83 | +76.9% | 13.59B | 12.00B | -11.7% |
| Q4 FY2023 | 20 Mar 2024 | 1.59 | 2.40 | +50.9% | 10.32B | 12.55B | +21.6% |
| Q3 FY2023 | 28 Nov 2023 | 1.23 | 1.55 | +26.0% | 7.68B | 9.42B | +22.8% |
Pinduoduo stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Pinduoduo's earnings keep growing at the 12.2% a year analysts expect to FY2028, it would earn about 18.04 a share in FY2030. At the P/E it has traded at over the last five years (7.9 to 59.7) that is 142.66 to 1,077.40 a share, or 402.19 at its average P/E of 22.3. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 10.27 | 81.22 | 228.98 | 613.41 |
| FY2027 | 12.35 | 97.66 | 275.33 | 737.56 |
| FY2028 | 14.32 | 113.26 | 319.30 | 855.36 |
| FY2029 (extrapolated) | 16.07 | 127.11 | 358.36 | 959.98 |
| FY2030 (extrapolated) | 18.04 | 142.66 | 402.19 | 1,077.40 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 12.2% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (7.9, 22.3, 59.7).
Is Pinduoduo stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Pinduoduo's P/E of 7.9 is near the bottom of its 5-year range (7.2 to 51.5, median 13.5). Analysts expect slower growth than in recent years, so the low P/E may be deserved. Fair value is not a reliable guide for Pinduoduo: analysts expect EPS growth of 13.6% a year against 43.8% before, so its past P/E no longer describes it. Its forward P/E, on the consensus for FY2026, is 7.7.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 7.91
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 13.48
- Five-year P/E range
- 7.2 – 51.5
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 7.69
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 0.65
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +19.4%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.760 | 71.4258Price 35.76193 | +99.7% | |
| 29.080 | 56.2434Price 29.0896 | +93.4% | |
| 240.360 | 464.26205Price 240.36627 | +93.2% | |
| 202.040 | 384.58163Price 202.042,644 | +90.3% | |
| 161.340 | 305.52160Price 161.34396 | +89.4% | |
| 125.395 | 237.44178Price 125.40297 | +89.4% | |
| 159.580 | 300.48225Price 159.58376 | +88.3% |
Furthest below the fair value on each stock's page, updated every day.