Barclays Maintains Overweight on PDD Holdings, Raises Price Target to $178
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao has maintained an Overweight rating on PDD Holdings (NASDAQ:PDD) and increased the price target from $164 to $178.
March 21, 2024 | 12:08 pm
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POSITIVE IMPACT
Barclays has maintained an Overweight rating on PDD Holdings and raised the price target from $164 to $178.
The upgrade in the price target by Barclays, a reputable financial institution, suggests a strong confidence in PDD Holdings' future performance. This is likely to be viewed positively by the market, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100