PDD Holdings (PDD) cut to Neutral at Goldman Sachs after reassessing risk/reward

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Go back to PDD Holdings (PDD) cut to Neutral at Goldman Sachs after reassessing risk/reward

Pinduoduo (PDD) no longer on Goldman Sachs Conviction List

March 11, 2024 10:22 AM EDT

Goldman Sachs revealed Monday that Pinduoduo (NASDAQ: PDD) is no longer on its Conviction List. The investment bank also downgraded PDD from Buy to Neutral, lowering the price target to $136 from $176.

PDD Holdings was on the firm's Conviction List for 95 days,... More

Goldman Sachs Downgrades Pinduoduo Inc. (PDD) to Neutral

March 11, 2024 9:04 AM EDT

Goldman Sachs analyst Ronald Keung downgraded Pinduoduo Inc. (NASDAQ: PDD) from Buy to Neutral with a price target of $136.00 (from $176.00).


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 $110.34 yesterday.

... More

Jefferies Upgrades Pinduoduo Inc. (PDD) to Buy

March 11, 2024 6:11 AM EDT

Jefferies analyst Thomas Chong upgraded Pinduoduo Inc. (NASDAQ: PDD) from Hold to Buy with a price target of $157.00 (from $117.00).

The analyst comments "Among ecommerce names, share prices of PDD dropped more than 20% YTD; we upgrade the stock to Buy as we believe... More