Pinduoduo Inc. buy Snowman
Start price
07.12.23
/
50%
€131.80
Target price
07.12.24
€160.00
Performance (%)
-18.82%
End price
26.03.24
€107.00
Summary
This prediction ended on 26.03.24 with a price of €107.00. The price of Pinduoduo Inc. has decreased during the runtime of the prediction. Compared to the start price this resulted in a performance of -18.82%. Snowman has a follow-up prediction for Pinduoduo Inc. where he still thinks Pinduoduo Inc. is a Buy. Snowman has 50% into this predictionPinduoduo Inc. is a Chinese e-commerce platform that allows users to purchase goods at discounted rates through group buying. The company was founded in 2015 and went public on the NASDAQ stock exchange in 2018. Pinduoduo has quickly become one of the largest e-commerce platforms in China, with a focus on selling agricultural products, daily necessities, and household goods. The company uses a unique social commerce model that encourages users to share and recommend deals to their friends and family, which has helped drive its impressive growth.
Performance without dividends (%)
| Name | 1w | 1m |
|---|---|---|
| Pinduoduo Inc. | -3.237% | -3.237% |
| iShares Core DAX® | 1.080% | -2.131% |
| iShares Nasdaq 100 | 0.362% | 7.059% |
| iShares Nikkei 225® | -1.155% | -0.483% |
| iShares S&P 500 | 0.806% | 5.037% |