China UnionPay Optimizes Payment Services with the Launch of Project Excellence 2024
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Morgan Stanley Calls Pinduoduo Inc. (PDD) a 'Catalyst Driven Idea' ahead of Earning
March 18, 2024 6:49 AM EDTMorgan Stanley analyst Eddy Wang reiterated an Overweight rating and $181.00 price target on Pinduoduo Inc. (NASDAQ: PDD).
The analyst comments "What and when is the catalyst? PDD is scheduled to release its 4Q23 financial results on Wednesday March 20. We believe its 4Q23 OMS (online marketing services) revenue growth could be the next share price catalyst. We expect OMS to grow 47% YoY in 4Q23, which implies 20% YoY GMV growth, outpacing ecommerce industry growth of 7.3%... More
