Oppenheimer Initiates a Buy Rating on Pinduoduo (PDD)


Pinduoduo (PDD) received a Buy rating and a $100.00 price target from Oppenheimer analyst Bo Pei CFA today. The company’s shares closed last Monday at $84.15.

According to TipRanks.com, CFA is ranked #6374 out of 7017 analysts.

Pinduoduo has an analyst consensus of Moderate Buy, with a price target consensus of $88.43.

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The company has a one-year high of $98.96 and a one-year low of $30.20. Currently, Pinduoduo has an average volume of 7.77M.

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Pinduoduo, Inc. operates as a holding company, which engages in the development and management of an e-commerce platform. Its Pinduoduo mobile application offers a selection of merchandise for buyer acquisition and engagement. The company was founded by Hua Lin Cai and Zheng Huang on April 20, 2015 and is headquartered in Shanghai, China.

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