--- title: "Weekly Recap | PDD -1.69%, closing in on record highs" type: "News" locale: "en" url: "https://longbridge.com/en/news/300190640.md" description: "PDD fell 1.69% this week to close at $77.57 on Friday, while the S&P 500 rose 1.21%, leaving the stock roughly 2.9 percentage points behind the benchmark. Trading was front-loaded: the stock opened Monday (2026-09-21) at $79.84, pushed to a weekly high of $80.762 on Tuesday, then faded over the next three sessions. Friday marked the low of the week at $77.355 before a close near the bottom of the range. Average daily volume came in at about 5.46 million shares, around 12." datetime: "2026-09-26T06:53:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300190640.md) - [en](https://longbridge.com/en/news/300190640.md) - [zh-HK](https://longbridge.com/zh-HK/news/300190640.md) generator: "portal-rs" --- # Weekly Recap | PDD -1.69%, closing in on record highs ## The Week PDD fell 1.69% this week to close at $77.57 on Friday, while the S&P 500 rose 1.21%, leaving the stock roughly 2.9 percentage points behind the benchmark. Trading was front-loaded: the stock opened Monday (2026-09-21) at $79.84, pushed to a weekly high of $80.762 on Tuesday, then faded over the next three sessions. Friday marked the low of the week at $77.355 before a close near the bottom of the range. Average daily volume came in at about 5.46 million shares, around 12.5% below the 60-day median of 6.23 million, a quiet pullback rather than heavy distribution. ## Key Events This week’s news centred on Temu’s seller ecosystem and its legal battles. On Wednesday (2026-09-23), Temu said it would expand seller education with Bureau Veritas, QIMA and TÜV SÜD, bringing third-party testing and certification into the platform. Two earlier items on Tuesday pointed to earnings expectations and copyright disputes: one covered how investors might respond to higher earnings estimates, and the other reported that Shein was granted an appeal against Temu in the fast-fashion copyright fight. Company-specific announcements were limited, so attention stayed on platform governance and external litigation while the stock continued to drift lower from its mid-August peak. ## Analyst Ratings At the latest update, 38 institutions cover PDD: 17 rate it buy, 4 over, 14 hold, 1 under and 1 sell, with 1 giving no opinion. The consensus rating is buy, and the consensus target sits at about $114.45, roughly 47.5% above the weekly close of $77.57. Target prices range from a high of $150.174 to a low of $85.120, so dispersion remains wide. Within the retail sector, PDD ranks 3rd out of 25 names, placing it near the top of the group in coverage and buy-side tilt. ## The Week Ahead Next week brings a fairly dense run of US macro data. On Monday (2026-09-28), the Dallas Fed manufacturing activity index is due. Tuesday (2026-09-29) includes FHFA house prices, the Case Shiller 20-city index, JOLTS job openings and consumer confidence; JOLTS last printed at 7.271 million with a 7.24 million consensus, while consumer confidence was 89.4 against a 90.0 forecast. PDD has no earnings on the calendar, but US consumer and labour data could still shape risk appetite across Chinese tech retail names. ## In Short PDD’s week holds two opposing signals. The sell-side remains constructive: a buy consensus, a target about 47% above spot and a top-three sector ranking. The tape, however, was soft—the stock fell on lower volume, lagged the S&P 500, and the latest session showed small-lot money on the sell side. Valuation sits at roughly 8.3x P/E and 1.68x P/B, a modest level. The next test is whether next week’s US consumer and jobs data stabilise liquidity expectations, while Temu’s progress on IP and seller governance stays the company-level thread to watch. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [PDD.US](https://longbridge.com/en/quote/PDD.US.md) - [PDDL.US](https://longbridge.com/en/quote/PDDL.US.md) ## Related News & Research - [What Investors Got Wrong About PDD Before The Drop](https://longbridge.com/en/news/304680140.md) - [PDD (NASDAQ:PDD) Stock Sees Heavy Call Option Buying](https://longbridge.com/en/news/304012714.md) - [Citi: 1st Phase of Double 11 E-commerce GMV Grows 4%+ YoY; Divergence Among Platforms](https://longbridge.com/en/news/304375970.md) - [EU accepts Temu plan to remedy Digital Services Act breach](https://longbridge.com/en/news/303085772.md) - [Should Earnings Forecast Cut Require Action From PDD Holdings (PDD) Investors?](https://longbridge.com/en/news/301732176.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**