Benchmark Co. analyst Fawne Jiang maintains $PDD Holdings (PDD.US)$ with a buy rating, and adjusts the target price from $185 to $160.
According to TipRanks data, the analyst has a success rate of 54.8% and a total average return of 15.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $PDD Holdings (PDD.US)$'s main analysts recently are as follows:
PDD Holdings reported a weaker-than-expected performance in Q3, missing the consensus revenue and non-GAAP net profit expectations by 3% and 6%, respectively. This has led to revisions of estimates. Concerns continue regarding the impact of tariffs and uncertainties about the trend in profitability.
Following the recent quarterly results, it's noted that the competitive atmosphere in the domestic market remains robust. The analyst anticipates long-term investments to be amplified and has adjusted expectations to account for these latest market trends.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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