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Stock impact report

Where is PDD Holdings (PDD) Headed According to Analyst? [Yahoo! Finance]

Pinduoduo Inc. - American Depositary Shares (PDD) 
Company Research Source: Yahoo! Finance
Joyce Ju from Bank of America Securities reiterated a Hold rating on PDD Holdings Inc. (NASDAQ:PDD) on August 26, raising the price target to $141.00 from $120.00. PDD Holdings Inc. (PDD): Jim Cramer Shares "Death Rattle" For Firm The analyst told investors that while PDD Holdings Inc. (NASDAQ:PDD) surpassed expectations with its fiscal Q2 results and reported a significant profit beat, some concerns persist regarding the sustainability of these profits. However, the same day, CMB International Securities analyst Saiyi He maintained a Buy rating on PDD Holdings Inc. (NASDAQ:PDD) and set a price target of $146.30. The analyst reasoned that PDD Holdings Inc. (NASDAQ:PDD) reported a modest revenue growth in line with expectations, and significant cost savings in marketing expenses and sales resulted in a stronger-than-expected operating profit. PDD Holdings Inc. (NASDAQ:PDD) is a Chinese multinational online commerce group and retailer that owns and operates a range of diverse Show less Read more
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