Cathay Innovation Closes $1B Venture Capital Fund to Bring Vertical AI to Critical Industries
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Nasdaq, S&P end lower as tech stocks fall
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- UBS Reiterates Buy Rating on Snowflake Inc. (SNOW)
Pinduoduo Inc. (PDD) PT Lowered to $125 at Bernstein SocGen Group
May 28, 2025 6:29 AM EDTBernstein SocGen Group analyst Robin Zhu lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $125.00 (from $160.00) while maintaining a Outperform rating.
The analyst comments "These dont get easier to stomach, but the surprise factor is gone. PDDs Q1 results showed revenue and profits missing our estimates and consensus modelling the latter heavily... More
Pinduoduo Inc. (PDD) PT Lowered to $126 at Macquarie, 'we see a manageable impact given a faster HCM ramp and expansion in other regions'
May 27, 2025 2:55 PM EDTMacquarie analyst Ellie Jiang lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $126.00 (from $153.00) while maintaining a Outperform rating.
The analyst comments "oft 1Q, but valuation already penalised enough. Revenue missed MQe/Visible Alpha (VA) by 14%/8%, with Transaction Services (TS) up only 6% YoY (-16% vs VA). We attribute the miss to weakness at Temu, which was... More
Pinduoduo Inc. (PDD) PT Lowered to $152 at Citi, 'Investment Return Cycle Mismatch Weighs on ST Profitability'
May 27, 2025 2:53 PM EDTCiti analyst Alicia Yap lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $152.00 (from $165.00) while maintaining a Buy rating.
The analyst comments "The continued shift from full-managed to semi-managed model for Temu contributed to significant deceleration of transaction services... More
Barclays Reiterates Overweight Rating on Pinduoduo Inc. (PDD), PT $158
May 27, 2025 2:11 PM EDTBarclays analyst Jiong Shao reiterated an Overweight rating and $158.00 price target on Pinduoduo Inc. (NASDAQ: PDD).
The analyst comments "Summary: With the lack of disclosure by the company with respect to Temu, we once again relied on our own Temu model and estimates. The... More
