Temu parent PDD extends decline after JP Morgan downgrades stock
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Pinduoduo Inc. (PDD) PT Lowered to $93 at CFRA
November 22, 2024 10:53 AM ESTCFRA 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
