Pinduoduo (PDD) Stock: $55 Price Target And Overweight Rating

The shares of Pinduoduo Inc. (NASDAQ: PDD) have received a $55 price target from JPMorgan. These are the details.

The shares of Pinduoduo Inc. (NASDAQ: PDD) have received a $55 price target from JPMorgan. And JPMorgan analyst Andre Chang upgraded Pinduoduo from an “Underweight” rating to an “Overweight” rating while increasing the price target from $27.

“Although PDD has turned profitable since 2Q21, the stock price has exhibited a higher correlation to revenue revision than earnings revision. As the stock trades more on market expectations of future revenue, we believe key to stock performance in 2022 is its revenue growth rate relative to market expectations, particularly online marketing revenue growth,” wrote Chang in a research note. “Despite the COVID impact in the near term, we forecast PDD’s online marketing revenue growth rate to sustain at teens throughout 2022 and recover to mid to high teens in 2H22. We believe PDD’s revenue resiliency is based on: 1) weak macro leads to increasing demand for value for money products; and 2) high GMV exposure to consumer staples. Trading at 13x 2023E P/E on our estimate against a 40% 2023-25E earnings CAGR, we believe the stock is attractive.”

$Pinduoduo Inc.(PDD)$

US Stocks Opportunities

Here are a theme that collects the best quality or your most bullish US stocks, Share your thoughts here!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Bryan Tee
2022-06-15
Bryan Tee
thanks for sharing
Jefflzk8
2022-06-16
Jefflzk8
good 👏
soonyih
2022-06-16
soonyih
ok
limjxj
2022-06-16
limjxj
ok
Reload
2022-06-15
Reload
[Smile]
Ashwink_17
2022-06-15
Ashwink_17
ok

Leave a comment

30

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":9055593538,"tweetId":"9055593538","gmtCreate":1655287498454,"gmtModify":1676535604797,"author":{"id":9000000000000665,"authorId":9000000000000665,"authorIdStr":"9000000000000665","name":"BurnellStella","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":8,"userType":8,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[{"themeId":"84ac2c57901b463da0573a608cc0b2a5","categoryId":"7cf744760f454845a1870a05ea4e151d","name":"US Stocks Opportunities","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":84ac2c57901b463da0573a608cc0b2a5}&rnconfig={\"headerBarHidden\": true}","description":"Here are a theme that collects the best quality or your most bullish US stocks, Share your thoughts here!","image":"https://static.tigerbbs.com/09d268d2d1fb9f45eacf5430006f3845"}],"images":[{"img":"https://community-static.tradeup.com/news/b1786a19000edea79364b9326f3932ab","width":"1280","height":"758"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/b1786a19000edea79364b9326f3932ab","width":"1280","height":"758"}],"title":"Pinduoduo (PDD) Stock: $55 Price Target And Overweight Rating","extraTitle":"","html":"<html><head></head><body><p><img referrerpolicy=\"no-referrer\" src=\"https://community-static.tradeup.com/news/b1786a19000edea79364b9326f3932ab\" tg-width=\"1280\" tg-height=\"758\"></p><ul>\n <li>The shares of Pinduoduo Inc. (NASDAQ: PDD) have received a $55 price target from JPMorgan. These are the details.</li>\n</ul><p>The shares of Pinduoduo Inc. (NASDAQ: PDD) have received a $55 price target from JPMorgan. And JPMorgan analyst Andre Chang upgraded Pinduoduo from an “Underweight” rating to an “Overweight” rating while increasing the price target from $27.</p><p>“Although PDD has turned profitable since 2Q21, the stock price has exhibited a higher correlation to revenue revision than earnings revision. As the stock trades more on market expectations of future revenue, we believe key to stock performance in 2022 is its revenue growth rate relative to market expectations, particularly online marketing revenue growth,” wrote Chang in a research note. “Despite the COVID impact in the near term, we forecast PDD’s online marketing revenue growth rate to sustain at teens throughout 2022 and recover to mid to high teens in 2H22. We believe PDD’s revenue resiliency is based on: 1) weak macro leads to increasing demand for value for money products; and 2) high GMV exposure to consumer staples. Trading at 13x 2023E P/E on our estimate against a 40% 2023-25E earnings CAGR, we believe the stock is attractive.”</p><p><a href=\"https://laohu8.com/S/PDD\">$Pinduoduo Inc.(PDD)$</a></p></body></html>","htmlText":"<html><head></head><body><p><img referrerpolicy=\"no-referrer\" src=\"https://community-static.tradeup.com/news/b1786a19000edea79364b9326f3932ab\" tg-width=\"1280\" tg-height=\"758\"></p><ul>\n <li>The shares of Pinduoduo Inc. (NASDAQ: PDD) have received a $55 price target from JPMorgan. These are the details.</li>\n</ul><p>The shares of Pinduoduo Inc. (NASDAQ: PDD) have received a $55 price target from JPMorgan. And JPMorgan analyst Andre Chang upgraded Pinduoduo from an “Underweight” rating to an “Overweight” rating while increasing the price target from $27.</p><p>“Although PDD has turned profitable since 2Q21, the stock price has exhibited a higher correlation to revenue revision than earnings revision. As the stock trades more on market expectations of future revenue, we believe key to stock performance in 2022 is its revenue growth rate relative to market expectations, particularly online marketing revenue growth,” wrote Chang in a research note. “Despite the COVID impact in the near term, we forecast PDD’s online marketing revenue growth rate to sustain at teens throughout 2022 and recover to mid to high teens in 2H22. We believe PDD’s revenue resiliency is based on: 1) weak macro leads to increasing demand for value for money products; and 2) high GMV exposure to consumer staples. Trading at 13x 2023E P/E on our estimate against a 40% 2023-25E earnings CAGR, we believe the stock is attractive.”</p><p><a href=\"https://laohu8.com/S/PDD\">$Pinduoduo Inc.(PDD)$</a></p></body></html>","text":"The shares of Pinduoduo Inc. (NASDAQ: PDD) have received a $55 price target from JPMorgan. These are the details. The shares of Pinduoduo Inc. (NASDAQ: PDD) have received a $55 price target from JPMorgan. And JPMorgan analyst Andre Chang upgraded Pinduoduo from an “Underweight” rating to an “Overweight” rating while increasing the price target from $27. “Although PDD has turned profitable since 2Q21, the stock price has exhibited a higher correlation to revenue revision than earnings revision. As the stock trades more on market expectations of future revenue, we believe key to stock performance in 2022 is its revenue growth rate relative to market expectations, particularly online marketing revenue growth,” wrote Chang in a research note. “Despite the COVID impact in the near term, we forecast PDD’s online marketing revenue growth rate to sustain at teens throughout 2022 and recover to mid to high teens in 2H22. We believe PDD’s revenue resiliency is based on: 1) weak macro leads to increasing demand for value for money products; and 2) high GMV exposure to consumer staples. Trading at 13x 2023E P/E on our estimate against a 40% 2023-25E earnings CAGR, we believe the stock is attractive.” $Pinduoduo Inc.(PDD)$","highlighted":2,"essential":1,"paper":2,"likeSize":30,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9055593538","repostId":0,"isVote":1,"tweetType":1,"viewCount":892,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["PDD"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":1033,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":102350759,"gmtCreate":1655288566941,"gmtModify":1663251927836,"authorId":4101250987275950,"author":{"id":4101250987275950,"authorId":4101250987275950,"name":"Bryan Tee","avatar":"https://community-static.tradeup.com/news/2538fb85eff20b1869ce140a1380674b","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.05.18","exceedPercentage":"80.43%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9055593538,"type":1,"supId":0,"prevId":0,"content":"thanks for sharing","text":"thanks for sharing","html":"thanks for sharing","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":102360615,"gmtCreate":1655337424154,"gmtModify":1663251968736,"authorId":3568923159588731,"author":{"id":3568923159588731,"authorId":3568923159588731,"name":"Jefflzk8","avatar":"https://static.tigerbbs.com/4706a152fc1fbc0610ef312fc6c32b84","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9055593538,"type":1,"supId":0,"prevId":0,"content":"good 👏","text":"good 👏","html":"good 👏","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":102359472,"gmtCreate":1655335083599,"gmtModify":1663251962135,"authorId":4089883996732930,"author":{"id":4089883996732930,"authorId":4089883996732930,"name":"soonyih","avatar":"https://static.tigerbbs.com/25162e36289be411216813158db25748","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9055593538,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":102357593,"gmtCreate":1655330349626,"gmtModify":1663251957849,"authorId":4092914392709230,"author":{"id":4092914392709230,"authorId":4092914392709230,"name":"limjxj","avatar":"https://static.tigerbbs.com/77baf21983ed4f63f5091d74cde2cddf","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9055593538,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":102350724,"gmtCreate":1655288280087,"gmtModify":1663251930853,"authorId":3581479414873843,"author":{"id":3581479414873843,"authorId":3581479414873843,"name":"Reload","avatar":"https://static.tigerbbs.com/f56ef7f5da63917c01ff4f69c439c056","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.10","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9055593538,"type":1,"supId":0,"prevId":0,"content":"[Smile]","text":"[Smile]","html":"[Smile]","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":102350697,"gmtCreate":1655288177050,"gmtModify":1663251930547,"authorId":4118290668391842,"author":{"id":4118290668391842,"authorId":4118290668391842,"name":"Ashwink_17","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.07.13","exceedPercentage":"80.45%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9055593538,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9055593538"}