PDD's (PDD) Q4 report 'could be the next share price catalyst' - Morgan Stanley
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Go back to PDD's (PDD) Q4 report 'could be the next share price catalyst' - Morgan Stanley
March 20, 2024 5:03 PM EDT
Barclays analyst Jiong Shao raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $178.00 (from $164.00) while maintaining a Overweight rating.
The analyst comments "4Q revenues and profits were way ahead of our and Street prior expectations. Despite strong growth both in China... More
March 20, 2024 4:10 PM EDT
Citi analyst Alicia Yap raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $185.00 (from $170.00) while maintaining a Buy rating.
The analyst comments "PDD concluded 2023 with another impressive 4Q with total revs/non-GAAP net profit +123%/+110% yoy to Rmb88.9bn/Rmb25.5bn, 11%/52% ahead of consensus... More
March 20, 2024 3:59 PM EDT
Jefferies analyst Thomas Chong raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $161.00 (from $157.00) while maintaining a Buy rating.
The analyst comments "PDD reported a beating set of 4Q results (link). During its conf. call, management highlighted its high quality strategies across... More
March 20, 2024 1:34 PM EDT
Morgan Stanley analyst Eddy Wang reiterated an Overweight rating and $181.00 price target on Pinduoduo Inc. (NASDAQ: PDD).
The analyst comments "PDD's strong 4Q23 results suggest sustainable GMV growth and take rate improvement at its domestic business, as well as strong momentum for... More
March 18, 2024 6:49 AM EDT
Morgan 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
