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Is It Too Late to Buy Pinduoduo (PDD) Stock?

TheMotleyFool

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Is It Too Late to Buy Pinduoduo (PDD) Stock?: https://g.foolcdn.com/editorial/images/756448/online-merchant-laptop.jpg

Pinduoduo's (NASDAQ: PDD) stock surged 18% on Nov. 28 after the Chinese e-commerce giant posted its third-quarter earnings report. Its revenue rose 94% year over year to 68.84 billion yuan ($9.44 billion), beating analysts' estimates by $2.02 billion. Its adjusted net income climbed 37% to 17.03 billion yuan ($2.33 billion), or $1.55 per share, clearing the consensus forecast by $0.39.

Those growth rates were explosive, but it's stock has also rallied over 90% in the past 12 months. Let's see why investors have fallen in love with Pinduoduo and if it's too late to hop aboard the bullish bandwagon.

Image source: Getty Images.

Source Fool.com

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