Temu targeted in EU consumer group's complaint to EU tech regulator

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Pinduoduo Inc. (PDD) PT Raised to $248 at UBS

May 17, 2024 6:00 AM EDT

UBS analyst Kenneth Fong raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $248.00 (from $217.00) while maintaining a Buy rating.

The analyst comments "We believe the market is being overly bearish on Temu's geopolitical risks while ignoring its sizable total addressable market from catering to... More