The mean of analysts' price targets for PDD HOLDINGS (PDD) points to a 28.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
California State Teachers' Retirement System bought more shares of PDD Holdings, Discover Financial, and Williams-Sonoma, and sold American Airlines stock.
PDD Holdings has been one of the fastest-growing companies in e-commerce. The stock looks very inexpensive on the surface.
PDD's value-for-money positioning and growth of its Temu marketplace has helped the tech giant lead China's e-commerce arena, analysts said. PDD, which also owns Chinese discount shopping app Pinduoduo has a market-cap of about $208 billion, compared with Alibaba's $196 billion, according to LSEG data.
PDD Holdings Inc. (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's latest earnings report easily beat analysts' expectations. Its stock still looks undervalued relative to its growth potential.
Home to the popular Temu shopping app, Pinduoduo is experiencing triple-digit growth.
PDD Holdings (NASDAQ: PDD) stock price is doing well as investors cheer its strong performance. It has surged by over 130% in the past 12 months and by 620% in the past five years, giving it a market cap of over $200 billion.
PDD Holdings (NASDAQ: PDD) stock price is doing well as investors cheer its strong performance. It has surged by over 130% in the past 12 months and by 620% in the past five years, giving it a market cap of over $200 billion.
After a spectacular 36.4% run in the fourth quarter of 2023 earnings, shares of PDD Holdings Inc. NASDAQ: PDD have changed a little as the company released its first quarter 2024 results. However, investors can lean on the run-up to the announcement for a sentiment check, which delivered a 43.5% rally as markets geared up for a solid start to the year.
After a spectacular 36.4% run in the fourth quarter of 2023 earnings, shares of PDD Holdings Inc. NASDAQ: PDD have changed a little as the company released its first quarter 2024 results. However, investors can lean on the run-up to the announcement for a sentiment check, which delivered a 43.5% rally as markets geared up for a solid start to the year.
PDD Holdings Inc. (NASDAQ:PDD ) Q1 2024 Earnings Conference Call May 22, 2024 7:30 AM ET Company Participants Lei Chen - Chairman and Co-CEO Jiazhen Zhao - Executive Director and Co-CEO Jun Liu - VP of Finance Conference Call Participants Alicia Yap - Citigroup Yang Bai - CICC Kenneth Fong - UBS Operator Ladies and gentlemen, thank you for standing by, and welcome to PDD Holdings Inc. First Quarter 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.