Barclays Sticks to Its Buy Rating for PDD Holdings (PDD)
Barclays analyst Jiong Shao reiterated a Buy rating on PDD Holdings (PDD – Research Report) today and set a price target of $158.00. The company's shares closed today at $102.98.
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Shao covers the Consumer Cyclical sector, focusing on stocks such as Sea, JD, and BYD Co. According to TipRanks, Shao has an average return of 12.5% and a 53.93% success rate on recommended stocks.
Currently, the analyst consensus on PDD Holdings is a Moderate Buy with an average price target of $141.74, implying a 37.64% upside from current levels. In a report released today, Citi also maintained a Buy rating on the stock with a $152.00 price target.
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