Where PDD Holdings Stands With Analysts
Portfolio Pulse from Benzinga Insights
In the last quarter, PDD Holdings (NASDAQ:PDD) received 8 bullish, 3 somewhat bullish, and 2 indifferent analyst ratings. The company's average 12-month price target is $96.0, representing an 8.42% decrease from the previous average of $104.83.
May 31, 2023 | 3:10 pm
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POSITIVE IMPACT
PDD Holdings received mostly bullish analyst ratings in the last quarter, with an average 12-month price target of $96.0, down 8.42% from the previous average.
The majority of analyst ratings for PDD Holdings are bullish or somewhat bullish, indicating a positive outlook for the stock. However, the decrease in the average 12-month price target suggests that analysts may have slightly lowered their expectations for the stock's performance. This could still result in a short-term positive impact on the stock price, as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100