Pinduoduo Reaches Analyst Target Price
December 09, 2019 at 08:44 AM EST
In recent trading, shares of Pinduoduo Inc (PDD) have crossed above the average analyst 12-month target price of $37.48, changing hands for $37.52/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..