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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
