Pinduoduo (PDD) Tops Q1 EPS by 1037c
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May 23, 2024 5:20 AM EDT
BofA Securities analyst Joyce Ju raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $206.00 (from $191.00) while maintaining a Buy rating.
The analyst comments "PDD reported another robust 1Q, with both revs and profit significantly above the already raised expectations. Total revs grew 131% YoY to RMB87b, beating consensus by 13%. Online marketing revs grew 56% YoY, contributed by est.... More
May 22, 2024 3:12 PM EDT
Morgan Stanley analyst Eddy Wang raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $220.00 (from $181.00) while maintaining a Overweight rating.
The analyst comments "PDD's strong 1Q24 earnings beat suggests further take rate improvement in domestic business and possible break-even for Temu. With its... More
May 22, 2024 1:57 PM EDT
Jefferies analyst Thomas Chong raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $193.00 (from $161.00) while maintaining a Buy rating.
The analyst comments "
PDD reported a set of results that beat expectations. During the conference call, management highlighted its emphasis on user experience... More
May 22, 2024 1:49 PM EDT
Citi analyst Alicia Yap raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $198.00 (from $185.00) while maintaining a Buy rating.
The analyst comments "PDD reported another impressive 1Q24 result with total revs/non-GAAP profit +131%/202% yoy to Rmb86.8bn/Rmb30.6bn, +13%/97% ahead of consensus... More
May 22, 2024 7:42 AM EDT
Citi analyst Alicia Yap reiterated a Buy rating and $185.00 price target on Pinduoduo Inc. (NASDAQ: PDD).
The analyst comments "PDD reported another strong 1Q24 with total revs +131% yoy to Rmb86.8bn, 19%/13% above our/consensus estimates of Rmb72.8bn/Rmb76.9bn, mainly due to... More
May 22, 2024 6:42 AM EDT
(Updated - May 22, 2024 9:43 AM EDT)
PDD Holdings saw its shares pop 5.7% after Temu owner reported (NASDAQ: PDD) earnings and revenue for the fiscal Q1 that topped analyst expectations.
The Chinese online retailer posted quarterly earnings per share (EPS) of RMB20.72, significantly... More
