Check Out What Whales Are Doing With PDD
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on PDD Holdings (NASDAQ:PDD), with 72% of detected trades being bearish. The whales have been targeting a price range from $92.0 to $110.0 for PDD Holdings over the last 3 months. Despite this, several financial institutions including Bernstein, Goldman Sachs, Benchmark, Barclays, and JP Morgan have maintained positive ratings on PDD Holdings, with price targets ranging from $115 to $140.
September 25, 2023 | 4:16 pm
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NEUTRAL IMPACT
Despite the bearish stance taken by a significant number of investors, PDD Holdings has received positive ratings from several financial institutions. This could potentially lead to increased volatility in the short term.
The bearish stance taken by a significant number of investors indicates a potential decrease in the stock price. However, the positive ratings from financial institutions could counteract this and lead to increased volatility. The impact score is neutral due to these conflicting factors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100