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- S&P 500, Dow on course for slim gains at open as Iran tensions clash with AI optimism
- Oil retreats from one-month high as traders weigh supply risks
- Dell again lifts annual forecasts as AI demand powers record results
- Could Apple’s foldable iPhone be a $14B opportunity? Morgan Stanley weighs in
- Uber stock gains 2% as tech giant cuts 3,300 jobs in major restructuring
- GoPro to merge with Starman Optical in $285M recapitalization deal
- GoPro (GPRO) Halted, News Pending
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- Gap taps Coach architect Reed Krakoff for $29.95-$498 handbag line
- S&P Global shares rise on report of possible CapIQ spinoff
CFRA Reiterates Sell Rating on Pinduoduo Inc. (PDD)
March 21, 2025 7:52 AM EDTCFRA analyst Jian Xiong Lim reiterated a Sell rating and $93.00 price target on Pinduoduo Inc. (NASDAQ: PDD).
The analyst comments "PDD Holdings reported in line Q4 2024 EPADS of CNY18.52 (+17% Y/Y). Revenue growth moderated to 24% Y/Y from 44% Y/Y in Q3, likely... More
Pinduoduo Inc. (PDD) PT Raised to $160 at Bernstein SocGen Group
March 21, 2025 6:01 AM EDTBernstein SocGen Group analyst Robin Zhu raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $160.00 (from $150.00) while maintaining a Outperform rating.
The analyst comments "Messy Q4 print, but ultimately better than feared in our view. PDDs Q4 results yielded a confusing set of numbers. Revenue of RMB111bn was a miss, chiefly reflecting lower Transaction Services revenue, while Online Marketing Services revenue grew 17.1% and came in-line with consensus. Gross profit missed our estimate and consensus by either side of 10% though RMB31.1bn of sales... More
