Goldman Sachs Group began coverage on shares of Pinduoduo (NASDAQ:PDD) in a research report report published on Thursday, The Fly reports. The firm issued a buy rating and a $31.90 price target on the stock.

Shares of NASDAQ PDD opened at $26.34 on Thursday. Pinduoduo has a 1-year low of $17.20 and a 1-year high of $30.48.

About Pinduoduo

Pinduoduo Inc operates an e-commerce platform in the People's Republic of China. It also operates Pinduoduo, a mobile platform that offers a range of priced merchandise. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc in July 2018. Pinduoduo Inc was founded in 2015 and is based in Shanghai, the People's Republic of China.

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