Temu operator PDD Holdings beats revenue estimates as year-end promotions boost sales
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Pinduoduo Inc. (PDD) PT Lowered to $190 at JPMorgan
March 21, 2024 7:07 AM EDTJPMorgan analyst Andre Chang lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $190.00 (from $195.00) while maintaining a Overweight rating.
The analyst comments "PDDs share price moved up only 3.5% overnight (vs. the KWEBs 2% rise, despite being +16% at market opening) despite a... More
Pinduoduo Inc. (PDD) PT Raised to $220 at Benchmark
March 21, 2024 6:51 AM EDTBenchmark analyst Fawne Jiang raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $220.00 (from $215.00) while maintaining a Buy rating.
The analyst comments "Despite elevated expectations into the Q, PDD reported yet another blowout quarter with both revenue and profit more... More
Pinduoduo Inc. (PDD) PT Raised to $155.40 at CMB International Securities, 'Still has potential to improve monetization'
March 21, 2024 4:17 AM EDTCMB International Securities analyst Saiyi He raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $155.40 (from $142.60) while maintaining a Buy rating.
The analyst comments "PDD Holdings (PDD) announced (20 Mar) 4Q23 results: revenue was up 123% YoY (4Q22: 46%; 3Q23: 94%) to RMB88.9bn, 11% ahead of... More
Pinduoduo Inc. (PDD) PT Raised to $178 at Barclays
March 20, 2024 5:03 PM EDTBarclays analyst Jiong Shao raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $178.00 (from $164.00) while maintaining a Overweight rating.
The analyst comments "4Q revenues and profits were way ahead of our and Street prior expectations. Despite strong growth both in China... More
Pinduoduo Inc. (PDD) PT Raised to $185 at Citi
March 20, 2024 4:10 PM EDTCiti analyst Alicia Yap raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $185.00 (from $170.00) while maintaining a Buy rating.
The analyst comments "PDD concluded 2023 with another impressive 4Q with total revs/non-GAAP net profit +123%/+110% yoy to Rmb88.9bn/Rmb25.5bn, 11%/52% ahead of consensus... More
Pinduoduo Inc. (PDD) PT Raised to $161 at Jefferies
March 20, 2024 3:59 PM EDTJefferies analyst Thomas Chong raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $161.00 (from $157.00) while maintaining a Buy rating.
The analyst comments "PDD reported a beating set of 4Q results (link). During its conf. call, management highlighted its high quality strategies across... More
Morgan Stanley Still Likes Pinduoduo Inc. (PDD): 'Growth Momentum Remains Strong'
March 20, 2024 1:34 PM EDTMorgan Stanley analyst Eddy Wang reiterated an Overweight rating and $181.00 price target on Pinduoduo Inc. (NASDAQ: PDD).
The analyst comments "PDD's strong 4Q23 results suggest sustainable GMV growth and take rate improvement at its domestic business, as well as strong momentum for... More
PDD Holdings (PDD) soars 18% on solid Q4 financial performance
March 20, 2024 8:36 AM EDTShares of PDD Holdings (NASDAQ: PDD) popped more than 17% in Wednesday premarket trading after the Chinese firm outperformed expectations in its Q4 earnings report.
PDD reported earnings per share (EPS) of RMB17.32, surpassing the analyst projection of RMB11.28 by RMB6.04. The company's quarterly revenue... More
