New Street Research has downgraded PDD Holdings Inc (PDD) to Neutral from Buy, effective August 25, 2025. The current share price stands at $112.63.
This move underscores a shift towards increased caution regarding the company's outlook. The downgrade may reflect concerns about competitive pressures, market conditions, or execution risks that could impact PDD's performance.
PDD Holdings, headquartered in Dublin, operates a portfolio of businesses focused on integrating commerce into the digital economy. The firm employs 23,465 full-time staff and has a market capitalization of $164.3 billion. Its Pinduoduo platform offers a diverse range of value-for-money merchandise, while Temu serves as a global e-commerce platform connecting buyers with merchants and brands across various product categories.
PDD's recent financial performance has shown volatility, with the company reporting an EPS of $21.05 in Q3 2025, significantly above the estimated $17.01, marking a 23.7% surprise. However, earlier in the year, Q1 2025 earnings fell short of expectations with an EPS of $11.41 against an estimate of $18.70.
Upcoming earnings are scheduled for May 25, 2026, with an EPS estimate of $15.83 and projected revenue of $109.1 billion. Analyst ratings can change as new information emerges, and different analysts may hold varying opinions on the company's prospects.