Jefferies reiterated coverage on Pinduoduo with a new price target
$PDD
Business Services
Consumer Discretionary
Jefferies reiterated coverage of Pinduoduo with a rating of Buy and set a new price target of $151.00 from $193.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/7/2024 | $126.00 → $224.00 | Neutral → Outperform | Macquarie |
| 8/27/2024 | $194.00 → $120.00 | Buy → Neutral | Citigroup |
| 8/26/2024 | Outperform → Neutral | Macquarie | |
| 8/26/2024 | $193.00 → $151.00 | Buy | Jefferies |
| 5/24/2024 | $145.00 → $184.00 | Neutral → Buy | Goldman |
| 3/11/2024 | $136.00 | Buy → Neutral | Goldman |
| 3/11/2024 | $117.00 → $157.00 | Hold → Buy | Jefferies |
| 11/1/2023 | $115.00 → $137.00 | Buy | UBS |
DUBLIN and SHANGHAI, Nov. 21, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD), today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Total revenues in the quarter were RMB99,354.4 million (US$1 14,157.9 million), an increase of 44% from RMB68,840.4 million in the same quarter of 2023. Operating profit in the quarter was RMB24,292.5 million (US$3,461.6 million), an increase of 46% from RMB16,656.0 million in the same quarter of 2023. Non-GAAP2 operating profit in the quarter was RMB26,770.5 million (US$3,814.8 million), an increase of 48% from RMB18,125.8 million
DUBLIN and SHANGHAI, Nov. 14, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD) today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, before U.S. markets open on Thursday, November 21, 2024. The Company's management will hold an earnings conference call at 7:30 AM ET on November 21, 2024 (12:30 PM IST and 8:30 PM HKT on the same day). The conference call will be webcast live at https://investor.pddholdings.com/investor-events. The webcast will be available for replay at the same website following the conclusion of the call. About PDD Holdings: PDD Holdings is a multinational commerce gr
DUBLIN and SHANGHAI, Aug. 26, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD), today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Total revenues in the quarter were RMB97,059.5 million (US$113,355.8 million), an increase of 86% from RMB52,280.7 million in the same quarter of 2023.Operating profit in the quarter was RMB32,564.5 million (US$4,481.0 million), an increase of 156% from RMB12,718.8 million in the same quarter of 2023. Non-GAAP2 operating profit in the quarter was RMB34,987.3 million (US$4,814.4 million), an increase of 139% from RMB14,609.4 mill
SC 13G/A - PDD Holdings Inc. (0001737806) (Subject)
SC 13G/A - PDD Holdings Inc. (0001737806) (Subject)
SC 13G/A - PDD Holdings Inc. (0001737806) (Subject)
DUBLIN and SHANGHAI, Nov. 21, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD), today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Total revenues in the quarter were RMB99,354.4 million (US$1 14,157.9 million), an increase of 44% from RMB68,840.4 million in the same quarter of 2023. Operating profit in the quarter was RMB24,292.5 million (US$3,461.6 million), an increase of 46% from RMB16,656.0 million in the same quarter of 2023. Non-GAAP2 operating profit in the quarter was RMB26,770.5 million (US$3,814.8 million), an increase of 48% from RMB18,125.8 million
DUBLIN and SHANGHAI, Nov. 14, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD) today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, before U.S. markets open on Thursday, November 21, 2024. The Company's management will hold an earnings conference call at 7:30 AM ET on November 21, 2024 (12:30 PM IST and 8:30 PM HKT on the same day). The conference call will be webcast live at https://investor.pddholdings.com/investor-events. The webcast will be available for replay at the same website following the conclusion of the call. About PDD Holdings: PDD Holdings is a multinational commerce gr
DUBLIN and SHANGHAI, Aug. 26, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD), today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Total revenues in the quarter were RMB97,059.5 million (US$113,355.8 million), an increase of 86% from RMB52,280.7 million in the same quarter of 2023.Operating profit in the quarter was RMB32,564.5 million (US$4,481.0 million), an increase of 156% from RMB12,718.8 million in the same quarter of 2023. Non-GAAP2 operating profit in the quarter was RMB34,987.3 million (US$4,814.4 million), an increase of 139% from RMB14,609.4 mill
The People’s Bank of China (PBOC) has executed an unscheduled lending operation at significantly lower rates, indicating a potential increase in monetary stimulus to support the economy. What Happened: The PBOC conducted a medium-term lending facility (MLF) operation, issuing 200 billion yuan ($27.5 billion) in one-year loans at a rate of 2.30%, a 20 basis point decrease from the previous MLF loan, Reuters reported. This move follows the bank’s decision to cut several benchmark lending rates just days after a key leadership meeting that outlined major reforms. The central bank also injected 235.1 billion yuan into the market through seven-day reverse repos at 1.70%. This cash injection
Deep-pocketed investors have adopted a bullish approach towards PDD Holdings (NASDAQ:PDD), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PDD usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for PDD Holdings. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 41% leaning bullish and 33% bearish. Among these notable options
Alibaba Group Holding Ltd (NYSE:BABA) is introducing free overseas shipping on apparel orders through its flagship retail platform, Taobao, in a strategic move to compete with cross-border e-commerce rivals PDD Holdings Inc (NASDAQ:PDD) Temu and Shein. The program will start on August 3 and initially target shoppers in Singapore, Malaysia, South Korea, Taiwan, Hong Kong, and Macao, Nikkei Asia reports. Taobao plans to expand the program to additional Asian markets by the end of the year and is actively encouraging more merchants to participate. Also Read: Chinese Stocks Rise as Central Bank Cuts Interest Rates to Stimulate Growth A senior manager at the company described the init
6-K - PDD Holdings Inc. (0001737806) (Filer)
6-K - PDD Holdings Inc. (0001737806) (Filer)
6-K - PDD Holdings Inc. (0001737806) (Filer)
Macquarie upgraded Pinduoduo from Neutral to Outperform and set a new price target of $224.00 from $126.00 previously
Citigroup downgraded Pinduoduo from Buy to Neutral and set a new price target of $120.00 from $194.00 previously
Macquarie downgraded Pinduoduo from Outperform to Neutral