PDD Stock Alert: Morgan Stanley Is Losing Faith in Temu

PDD (NASDAQ:PDD) stock is slipping on Tuesday after Morgan Stanley’s analysts provided a sour look at the company’s Temu e-commerce app.This new coverage comes from Morgan Stanley analysts Simeon Gutman and Brian Nowak in a note to clients. The two believe that the massive growth that Temu saw in 2023 is cresting and that sales on the platform are steadily slowing.All of this comes after PDD launched an aggressive ad campaign last year to promote the e-commerce service in the U.S. That included a Super Bowl ...