PDD Holdings (PDD) reports Q1 earnings, revenue above expectations; shares pop
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Pinduoduo Inc. (PDD) PT Raised to $206 at BofA Securities
May 23, 2024 5:20 AM EDTBofA 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
Pinduoduo Inc. (PDD) PT Raised to $220 at Morgan Stanley
May 22, 2024 3:12 PM EDTMorgan 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
Pinduoduo Inc. (PDD) PT Raised to $193 at Jefferies, 'Focus on Long Term Value Creation Amid Competition'
May 22, 2024 1:57 PM EDTJefferies 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
Citi on Pinduoduo Inc. (PDD) Earnings Release
May 22, 2024 1:49 PM EDTCiti 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
Citi Reiterates Buy Rating on Pinduoduo Inc. (PDD)
May 22, 2024 7:42 AM EDTCiti 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
Pinduoduo (PDD) Tops Q1 EPS by 1037c
May 22, 2024 6:36 AM EDTPinduoduo (NASDAQ: PDD) reported Q1 EPS of RMB20.72, RMB10.37 better than the analyst estimate of RMB10.35. Revenue for the quarter came in at RMB86.81 billion versus the consensus estimate of RMB75.17 billion.
For earnings history and earnings-related data on Pinduoduo (PDD) click here.
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