2023 was a disappointing year for Chinese companies with a few exceptions like PDD Holdings (PDD 1.41%), also known as Pinduoduo. The up-and-coming e-commerce stock delivered an impressive 79% return to investors last year as its revenue climbed 75% year over year in the first nine months of 2023.And there are good reasons to expect Pinduoduo's strong momentum to continue in 2024 as the company executes its growth strategy.Shifting to a sustainable growth strategy in ChinaPinduoduo has been one of China's b ...

Goldman Sachs removed PDD Holdings Inc (NASDAQ: PDD) from its “conviction list” on Monday. Shares of the online retailer are still in the green at writing.Pinduoduo stock downgraded to neutralCopy link to sectionThe investment bank downgraded Pinduoduo this morning to “neutral” and trimmed its price target to $136 a share. Goldman Sachs removed $PDD from its conviction list today citing unfavourable risk-reward. Pinduoduo stock remained on that list for just over three months during with it lost close to 23 ...

PDD Holdings Inc (NASDAQ:PDD) is down 3.2% at $113.82 at last check, following news consumer prices in China rose for the first time in six months. The data points to an inflation rebound and fueled hopes of a recovery in the economy, pushing several China stocks higher as a result.Options bulls are chiming in, with 24,000 calls traded so far -- triple the intraday average amount -- versus just 4,904 puts. Most popular is the weekly 3/22 125-strike call, where new positions are being opened.Despite today's ...

In the latest trading session, PDD Holdings Inc. (PDD) closed at $117.14, marking a +0.43% move from the previous day. This change lagged the S&P 500's 1.03% gain on the day. On the other hand, the Dow registered a gain of 0.34%, and the technology-centric Nasdaq increased by 1.51%.The the stock of company has fallen by 9.43% in the past month, lagging the Retail-Wholesale sector's gain of 3.93% and the S&P 500's gain of 3.21%.Analysts and investors alike will be keeping a close eye on the performance of PD ...

PDD Holdings Inc. (PDD) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned -1.5% over the past month versus the Zacks S&P 500 composite's +3.9% change. The Zacks Internet - Commerce industry, to which PDD Holdings Inc. belongs, has gained 6.1% over this period. Now the key question is: Where could the stock be headed in the near term?Although media rep ...

PDD (PDD 1.44%), more commonly known as Pinduoduo, has generated massive gains for its investors since its IPO in July 2018. The Chinese e-commerce giant went public at $19, and it now trades at $135 with a market cap of $180 billion.That makes PDD nearly as valuable as market leader Alibaba (BABA 0.71%), which is currently worth $187 billion. Alibaba's stock has declined more than 60% since PDD's market debut as it grappled with competitive, regulatory, and macro challenges. Meanwhile, PDD's stock soared m ...

In the latest trading session, PDD Holdings Inc. (PDD) closed at $131.62, marking a +1.43% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 2.11%. Elsewhere, the Dow gained 1.18%, while the tech-heavy Nasdaq added 2.96%.The company's shares have seen a decrease of 10.2% over the last month, not keeping up with the Retail-Wholesale sector's gain of 4.94% and the S&P 500's gain of 3.08%.The investment community will be closely monitoring the performance of PDD Holdin ...

PDD Holdings Inc. (PDD) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing ...

AsiaVision Unless you've been focused on China from an investment perspective over the last few years, it's entirely possible that you haven't heard of PDD Holdings (NASDAQ:PDD) up until this point. In years' past, the company has often played second fiddle to ecommerce giants such as Alibaba (BABA) and JD (JD), given its smaller and more niche ecommerce presence and apps. However, since the pandemic, PDD has surged. Revenues have exploded as the company's unique focus on social shopping and value-for-money ...

Future Publishing/Future Publishing via Getty Images Since the initial publication of my investment thesis about PDD Holdings (NASDAQ:PDD), the stock has rallied almost 40%. After I wrote my investment thesis, PDD reported a blowout quarter for Q3 of 2023, which I wrote about after the Q3 earnings release. Since then, there have been some recent developments that may create headwind for PDD in the short term but won't have meaningful impact in the long term. Therefore, I continue to give PDD a "buy" rating ...