UBS Assumes PDD Holdings at Buy, Raises Price Target to $137
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kenneth Fong has assumed PDD Holdings (NASDAQ:PDD) with a Buy rating and raised the price target to $137.
November 01, 2023 | 4:57 pm
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UBS analyst Kenneth Fong has given PDD Holdings a Buy rating and raised the price target to $137, which could potentially increase investor confidence and drive the stock price up.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. A Buy rating from a reputable analyst like Kenneth Fong from UBS, coupled with a raised price target, indicates a positive outlook for PDD Holdings. This could potentially increase investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100