This summary was created by AI, based on 1 opinions in the last 12 months.
PDD Holdings (PDD-Q) is a Dublin based company that owns two disruptive sizeable Chinese consumer platforms, with revenues growing over 90% last year, generating $9.4 billion. The company's cash reserves are also growing aggressively. PDD trades at 24x earnings, 7x book, but can justify the valuation based on a 35% ROE. Stockchase Research Editor, Michael O’Reilly, recommends setting a stop-loss at $100, looking to achieve $170, which presents an upside potential of over 40%. Analysts’ price target is $170.29.
PDD Holdings is a American stock, trading under the symbol PDD-Q on the NASDAQ (PDD). It is usually referred to as NASDAQ:PDD or PDD-Q
In the last year, there was no coverage of PDD Holdings published on Stockchase.
PDD Holdings was recommended as a Top Pick by on . Read the latest stock experts ratings for PDD Holdings.
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In the last year, there was no coverage of PDD Holdings published on Stockchase.
On 2024-05-03, PDD Holdings (PDD-Q) stock closed at a price of $140.18.
We reiterate this disruptive e-commerce platform as a TOP PICK. It trades at 21x earnings and supports a robust 39% ROE. We like that cash reserves are growing rapidly and the company continues to invest in technology enhancements. We recommend trailing up the stop (from $100) to $110, looking to achieve $179 -- upside potential of 38%. Yield 0%
(Analysts’ price target is $179.14)