Goldman Sachs Upgrades PDD Holdings to Buy, Raises Price Target to $184
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has upgraded PDD Holdings from Neutral to Buy and raised the price target from $145 to $184.
May 24, 2024 | 12:44 pm
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Goldman Sachs has upgraded PDD Holdings from Neutral to Buy and raised the price target from $145 to $184.
An upgrade from a major financial institution like Goldman Sachs typically boosts investor confidence and can lead to a short-term increase in stock price. The raised price target also suggests a positive outlook for the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100