Investing in Pinduoduo: Analysts forecast prices for next year

According to FactSet, Pinduoduo Inc.’s share price will average $455.03 in the next year, based on opinions of analysts polled by the firm. This is up nearly 645.86 percent from its previous closing price of $59.00. Analysts expect Pinduoduo Inc. stock to reach the higher price of $711.22, while the lowest price estimate is $273.47. However, 48 analysts have rated PDD stock as an Overweight in their predictions for 2022.