Temu owner PDD misses revenue and profit estimates as consumers struggle
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November 22, 2024 10:53 AM EST
CFRA analyst Jian Xiong Lim lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $93.00 (from $113.00) while maintaining a Sell rating.
The analyst comments "We lower our target price to USD93 (from USD113), 6.3x 2025 EV/EBITDA (peer median: 9.5x), factoring in potential earnings... More
November 22, 2024 6:54 AM EST
Benchmark analyst Fawne Jiang lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $160.00 (from $185.00) while maintaining a Buy rating.
The analyst comments "DD stock saw a significant sell-off yesterday following its 3Q24 results, which were moderately below expectations. The underperformance was primarily due to slower-than-expected international growth... More
November 21, 2024 2:33 PM EST
Citi analyst Alicia Yap lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $125.00 (from $147.00) while maintaining a Neutral rating.
The analyst comments "PDD reported a softer-than-expected 3Q24 with total revs/non-GAAP NP missing consensus by 3%/6% attributed to adverse impact from the... More
November 21, 2024 7:51 AM EST
Citi analyst Alicia Yap reiterated a Neutral rating and $147.00 price target on Pinduoduo Inc. (NASDAQ: PDD)
The analyst comments "PDD reported a softer than expected 3Q24 with total revs +44% yoy to Rmb99.4bn, inline/3% below our/consensus estimates of Rmb99.8bn/Rmb102.8bn,... More
