BNP Paribas Reiterates Sell Rating for PDD Holdings
BNP Paribas maintains its sell rating on PDD Holdings with a target price of $89, a 11.87% upside from the current price.
Key Points
- BNP Paribas reiterated its sell rating for PDD Holdings with a target price of $89 on June 16, 2026.
- BNP Paribas's $89 price target implies 11.87% upside from PDD Holdings Inc.'s ($PDD) current $79.56 share price.
- PDD Holdings, trading at $83.55, has a market cap of $118.9 billion and a P/E ratio of 8.78.
- Insider sales were reported, including Zhao Jiazhen selling 40,000 shares at $128.57 on September 23, 2025.
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BNP Paribas has reiterated its sell rating on PDD Holdings Inc. (NasdaqGS: PDD), setting a target price of $89. This rating, announced on June 16, 2026, reflects BNP Paribas's cautious outlook on the stock, which was trading at $83.55 at the time.
PDD Holdings Inc. Stock Down 5.3%
Shares of PDD Holdings Inc. are currently trading around $83.55 on the NasdaqGS. The company holds a market capitalization of approximately $118.9 billion and has a price-to-earnings (P/E) ratio of 8.78, indicating the stock's valuation relative to its earnings. PDD Holdings has a 52-week low of $78.87 and a high of $139.41, with a 50-day moving average of $95.02 and a 200-day moving average of $111.20. The company's beta sits at -0.025, suggesting minimal correlation with the broader market.
Recent Earnings
In its latest earnings report, PDD Holdings Inc. posted a revenue of approximately $442.4 billion, marking an 11% growth. The company achieved an earnings per share (EPS) of $9.52, with a net margin of 21.6% and a return on equity of 25.4%. The next earnings release is anticipated on August 25, 2026.
Insider Buying and Selling at PDD Holdings Inc.
Recent insider activity at PDD Holdings includes sales by Zhao Jiazhen, who sold 40,000 shares at an average price of $128.57 on September 23, 2025. Additionally, Anthony Ping Leung Kam sold 1,533 shares at $99.43 on March 30, 2026. These transactions were not part of any pre-planned trading program.
Analysts Set New Price Targets
On June 16, 2026, BNP Paribas reiterated its sell rating for PDD Holdings with a target price of $89. Barclays and Macquarie both downgraded the stock to hold on May 28, 2026, each setting a target price of $89 and $87, respectively. Meanwhile, Benchmark maintained a buy rating with a target of $127, reflecting a mixed view among analysts.
About PDD Holdings Inc.
PDD Holdings Inc. is a multinational commerce group headquartered in Dublin, Ireland. It operates the Pinduoduo platform, offering various product categories and interactive shopping experiences, and Temu, an online platform for merchants to streamline operations. The company, led by CEO Mr. Lei Chen, employs over 25,000 people. Originally known as Pinduoduo Inc., the company rebranded to PDD Holdings Inc. in February 2023.
Bottom Line
BNP Paribas's reiteration of a sell rating on PDD Holdings Inc. highlights ongoing caution around the stock's prospects. Despite impressive revenue growth and a solid market position, PDD Holdings faces mixed analyst opinions. Investors should note that 13F filings and analyst ratings are backward-looking, reflecting past positions and views which may not match the current market sentiment.
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