PDD Holdings Inc. Sponsored ADR (PDD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
PDD Holdings is a standout Chinese company, growing revenues above 20% and maintaining a unique, successful business model in the e-commerce space. The company is founder-managed, with significant insider ownership, ensuring aligned interests and strong leadership. PDD boasts impressive gross margins over 60% and a robust revenue growth history, far exceeding the 15% threshold of my Five Factor Model.
We remain bullish on PDD despite a 15% share price pullback, viewing it as an attractive entry point for growth-focused investors. PDD's cost leadership and Temu's global growth potential position it favorably against competitors like JD and Alibaba. Current valuation undervalues PDD, especially considering Temu's expansion and the company's strong domestic and international market positioning.
PDD Holdings Inc. Sponsored ADR (PDD) possesses solid growth attributes, which could help it handily outperform the market.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
The Chinese e-commerce company missed sales and profit expectations, highlighting the growing challenges at home and abroad.
PDD Holdings reported strong Q3 growth, but results slightly missed expectations, leading to a double-digit share price drop despite a 40%+ sales increase. The company faces competition and macroeconomic challenges in China, but its non-China business, particularly Temu, remains a key growth driver. PDD stock's valuation is attractive at 9x net earnings, but risks include China's economic issues and potential US-China trade tensions.
PDD Holdings Inc. (NASDAQ:PDD ) Q3 2024 Earnings Conference Call November 21, 2024 7:30 AM ET Company Participants Lei Chen - Chairman & Co-Chief Executive Officer Jiazhen Zhao - Executive Director & Co-Chief Executive Officer Jun Liu - Vice President, Finance Conference Call Participants Kenneth Fong - UBS Charlene Liu - HSBC Joyce Ju - Bank of America Operator Ladies and gentlemen, thank you for standing by, and welcome to PDD Holdings Inc. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
U.S.-traded shares in PDD Holdings (PDD) are plunging in premarket trading Thursday after the parent of the Temu discount marketplace posted quarterly results that fell massively short of analysts' estimates as competition continued to eat into its operations.
Temu parent PDD's stock was sinking premarket after another disappointing earnings report, with profit missing expectations by the widest margin in nearly four years.
PDD's U.S.-listed shares fell after its third-quarter revenue missed expectations.
China's PDD Holdings fell short of market estimates for third-quarter revenue on Thursday, in a sign that promotional offers and discounts were not enough to lure cost-conscious consumers to its e-commerce platform.