Bernstein raised the firm’s price target on PDD Holdings to $120 from $105 and keeps an Outperform rating on the shares. The firm notes that PDD’s Q2 2023 results were another “chunky beat” compared with its estimates and Street expectations.
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Read More on PDD:
- PDD Holdings price target raised to $115 from $103 at Barclays
- PDD Holdings price target raised to $114 from $95 at CLSA
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- PDD Holdings price target raised to $112 from $97 at BofA
- PDD Holdings price target raised to $120 from $110 at Morgan Stanley