Analyst Consensus ?
ConsensusHold26 ratings
Bullish1350.0%
Neutral1246.2%
Bearish13.8%
1 unmapped firm rating excluded from the percentages.
FN2 Earnings Intelligence
PDD Holdings Inc. analyst ratings
PDD Holdings Inc. (PDD) analyst consensus, price targets, and firm-level rating history from FN2 Research.
Analyst 52W Price Targets
$78.9Previous close
$80Low
$137.26Average
$248High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 21, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Neutral | Neutral | Maintain | Sep 10, 2026 |
| Benchmark | Buy | Buy | Maintain | Aug 25, 2026 |
| Daiwa Capital | Hold | Buy | Downgrade | Jun 24, 2026 |
| Macquarie | Neutral | Outperform | Downgrade | May 28, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | May 28, 2026 |
| Barclays | Equal Weight | Overweight | Downgrade | May 28, 2026 |
| Citigroup | Buy | Buy | Maintain | May 27, 2026 |
| Freedom Capital Markets | Buy | Buy | Maintain | Jan 6, 2026 |
| Freedom Broker | Buy | Buy | Maintain | Jan 6, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Nov 19, 2025 |
| New Street Research | Neutral | Buy | Downgrade | Aug 26, 2025 |
| China Renaissance | Hold | Buy | Downgrade | May 28, 2025 |
| Jefferies | Buy | Buy | Maintain | May 27, 2025 |
| US Tiger Securities, Inc | Hold | Buy | Downgrade | Mar 20, 2025 |
| Nomura | Neutral | Buy | Downgrade | Mar 20, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Aug 27, 2024 |
| UBS | Buy | Buy | Maintain | May 22, 2024 |
| HSBC | Buy | Buy | Maintain | Mar 21, 2023 |
| Morgan Stanley | Overweight | Equal Weight | Upgrade | Mar 2, 2023 |
| Nomura Instinet | Neutral | Buy | Downgrade | Mar 22, 2022 |
| DBS Bank | Buy | Hold | Upgrade | Jan 14, 2022 |
| KeyBanc | Overweight | Downgrade | Jan 26, 2021 | |
| CLSA | Outperform | Buy | Maintain | Aug 24, 2020 |
| BOCOM International | Neutral | Buy | Downgrade | Aug 24, 2020 |
| Credit Suisse | Outperform | Neutral | Upgrade | Apr 20, 2020 |
| Bank of America | Buy | Buy | Maintain | Aug 22, 2019 |
| 86 Research | Sell | Hold | Downgrade | Aug 6, 2019 |
Named analyst price targets
Upside is calculated against the persisted previous close $78.9. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Arete Research | Analyst unavailable | $93 | $82.21 | +17.9% | Sep 7, 2026 |
| Deutsche Bank | Peter Milliken | $105 | $86.77 | +33.1% | Aug 24, 2026 |
| Daiwa | Analyst unavailable | $80 | $76.15 | +1.4% | Jun 23, 2026 |
| Barclays | Jiong Shao | $89 | $86.61 | +12.8% | May 28, 2026 |
| Macquarie | Analyst unavailable | $87 | $86.61 | +10.3% | May 27, 2026 |
| Bernstein | Analyst unavailable | $110 | $86.61 | +39.4% | May 27, 2026 |
| Morgan Stanley | Analyst unavailable | $129 | $85.09 | +63.5% | May 27, 2026 |
| US Tiger Securities | Bo Pei | $100 | $85.28 | +26.7% | May 27, 2026 |
| Arete Research | Analyst unavailable | $121 | $105.44 | +53.4% | Apr 17, 2026 |
| Nomura | Analyst unavailable | $136 | $100.62 | +72.4% | Mar 26, 2026 |
| Morgan Stanley | Analyst unavailable | $148 | $107.85 | +87.6% | Jan 15, 2026 |
| Loop Capital Markets | Roman Lukianchikov | $170 | $123.34 | +115.5% | Jan 6, 2026 |
| Arete Research | Zixiao Yang | $130 | $117.62 | +64.8% | Dec 9, 2025 |
| Bernstein | Robin Zhu | $135 | $119.58 | +71.1% | Nov 18, 2025 |
| Barclays | Analyst unavailable | $165 | $128.03 | +109.1% | Aug 26, 2025 |
| New Street | Jin Yoon | $120 | $128.03 | +52.1% | Aug 26, 2025 |
| Macquarie | Ellie Jiang | $165 | $128.21 | +109.1% | Aug 25, 2025 |
| Jefferies | Thomas Chong | $146 | $128.21 | +85.0% | Aug 25, 2025 |
| Jefferies | Thomas Chong | $121 | $102.98 | +53.4% | May 27, 2025 |
| Jefferies | Thomas Chong | $171 | $104.09 | +116.7% | Nov 21, 2024 |
| Macquarie | Ellie Jiang | $224 | $154.27 | +183.9% | Oct 7, 2024 |
| Citigroup | Alicia Yap | $143 | $135.38 | +81.2% | Sep 30, 2024 |
| CFRA | Jian Xiong Lim | $130 | $96.26 | +64.8% | Aug 27, 2024 |
| Bernstein | Robin Zhu | $170 | $96.64 | +115.5% | Aug 27, 2024 |
| Bank of America Securities | Joyce Ju | $170 | $100 | +115.5% | Aug 27, 2024 |
| Jefferies | Thomas Chong | $151 | $100 | +91.4% | Aug 26, 2024 |
| Citigroup | Alicia Yap | $194 | $127.59 | +145.9% | Jul 29, 2024 |
| CFRA | Jian Xiong Lim | $200 | $157.57 | +153.5% | May 28, 2024 |
| Goldman Sachs | Ronald Keung | $184 | $160.71 | +133.2% | May 24, 2024 |
| Goldman Sachs | Ronald Keung | $145 | $153.63 | +83.8% | May 23, 2024 |
| Bernstein | Robin Zhu | $235 | $147.09 | +197.8% | May 23, 2024 |
| Morgan Stanley | Eddy Wang | $220 | $147.09 | +178.8% | May 22, 2024 |
| Jefferies | Thomas Chong | $193 | $146.85 | +144.6% | May 22, 2024 |
| UBS | Kenneth Fong | $248 | $143.38 | +214.3% | May 17, 2024 |
| HSBC | Charlene Liu | $190 | $122.3 | +140.8% | Mar 21, 2024 |
| CMB International Securities | Saiyi He | $155.4 | $122.3 | +97.0% | Mar 21, 2024 |
| Barclays | Jiong Shao | $178 | $132.17 | +125.6% | Mar 20, 2024 |
| Morgan Stanley | Eddy Wang | $181 | $132.17 | +129.4% | Mar 20, 2024 |
| Jefferies | Thomas Chong | $157 | $111.89 | +99.0% | Mar 11, 2024 |
| Goldman Sachs | Ronald Keung | $129 | $97.96 | +63.5% | Aug 30, 2023 |
| J.P. Morgan | Andre Chang | $110 | $71.42 | +39.4% | May 30, 2023 |
| UBS | Jerry Liu | $115 | $79.55 | +45.8% | Mar 21, 2023 |
| Goldman Sachs | Analyst unavailable | $123 | $95.97 | +55.9% | Jan 9, 2023 |
| Citigroup | Analyst unavailable | $111 | $74.05 | +40.7% | Nov 29, 2022 |
| Barclays | Jiong Shao | $70 | $74.05 | -11.3% | Nov 29, 2022 |
| US Tiger Securities | Bo Pei | $80 | $66.04 | +1.4% | Aug 30, 2022 |
| Goldman Sachs | Ronald Keung | $95 | $55.12 | +20.4% | Jul 19, 2022 |
| Morgan Stanley | Eddy Wang | $54.7 | $54.7 | -30.7% | Jul 11, 2022 |
| Benchmark Co. | Fawne Jiang | $85 | $42.65 | +7.7% | Apr 1, 2022 |
| Citigroup | Alicia Yap | $80 | $60.2 | +1.4% | Feb 16, 2022 |
| Macquarie | Ellie Jiang | $95 | $63.03 | +20.4% | Dec 7, 2021 |
| Bank of America Securities | Joyce Ju | $120 | $71.96 | +52.1% | Nov 29, 2021 |
| Morgan Stanley | Eddy Wang | $130 | $97.15 | +64.8% | Oct 21, 2021 |
| UOB Kay Hian | Julia Pan | $88 | $97.84 | +11.5% | Aug 25, 2021 |
| US Tiger Securities | Bo Pei CFA | $180 | $123.57 | +128.1% | May 26, 2021 |
| Daiwa | John Choi | $180 | $131.11 | +128.1% | May 5, 2021 |
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