Citigroup Maintains Buy Rating for PDD Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Buy rating for PDD Holdings (NASDAQ:PDD) and raised its price target from $100.00 to $105.00. PDD Holdings' shares are currently trading down 5.47% at $67.52 per share.
May 30, 2023 | 5:01 pm
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Citigroup maintains Buy rating for PDD Holdings and raises price target from $100 to $105. Shares are trading down 5.47% at $67.52.
Citigroup's decision to maintain a Buy rating and raise the price target for PDD Holdings indicates a positive outlook for the stock. This could lead to increased investor interest and a potential short-term increase in the stock price. However, the current 5.47% decrease in share price may cause some uncertainty among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100