Temu-parent PDD Holdings beats first-quarter revenue estimates

Pinduoduo Inc. (PDD) PT Raised to $206 at BofA Securities

BofA Securities analyst Joyce Ju raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $206.00 (from $191.00) while maintaining a Buy rating.

The analyst comments "PDD reported another robust 1Q, with both revs and profit significantly above the already raised expectations. Total revs grew 131% YoY to RMB87b, beating consensus by 13%. Online marketing revs grew 56% YoY, contributed by est.... More

Pinduoduo Inc. (PDD) PT Raised to $220 at Morgan Stanley

Morgan Stanley analyst Eddy Wang raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $220.00 (from $181.00) while maintaining a Overweight rating.

The analyst comments "PDD's strong 1Q24 earnings beat suggests further take rate improvement in domestic business and possible break-even for Temu. With its... More

Pinduoduo Inc. (PDD) PT Raised to $193 at Jefferies, 'Focus on Long Term Value Creation Amid Competition'

Jefferies analyst Thomas Chong raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $193.00 (from $161.00) while maintaining a Buy rating.

The analyst comments "

PDD reported a set of results that beat expectations. During the conference call, management highlighted its emphasis on user experience... More

Citi on Pinduoduo Inc. (PDD) Earnings Release

Citi analyst Alicia Yap raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $198.00 (from $185.00) while maintaining a Buy rating.

The analyst comments "PDD reported another impressive 1Q24 result with total revs/non-GAAP profit +131%/202% yoy to Rmb86.8bn/Rmb30.6bn, +13%/97% ahead of consensus... More

Citi Reiterates Buy Rating on Pinduoduo Inc. (PDD)

Citi analyst Alicia Yap reiterated a Buy rating and $185.00 price target on Pinduoduo Inc. (NASDAQ: PDD).

The analyst comments "PDD reported another strong 1Q24 with total revs +131% yoy to Rmb86.8bn, 19%/13% above our/consensus estimates of Rmb72.8bn/Rmb76.9bn, mainly due to... More