Morgan Stanley Reiterates Overweight Rating on Pinduoduo Inc. (PDD), 'Top Pick in China e-commerce'

Morgan Stanley analyst Eddy Wang reiterated an Overweight rating and $150.00 price target on Pinduoduo Inc. (NASDAQ: PDD).

The analyst said: "PDD is the preferred play across our bull and bear scenarios for China e-commerce. With a healthier merchant ecosystem, we expect PDD to add 'More' and 'Better' products to its value-for- money proposition. PDD is our top pick among e-commerce players. In our bull case scenario, we expect PDD to sustain higher growth than peers and gain market share in 2025/26. Even in our bear case scenario, we believe its value-for-money positioning will be more resilient in a weak consumption environment."

For an analyst ratings summary and ratings history on Pinduoduo Inc. click here. For more ratings news on Pinduoduo Inc. click here.

Shares of Pinduoduo Inc. closed at $117.15 yesterday.

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