PDD Holdings shares are trading higher after Goldman Sachs upgraded the stock from Neutral to Buy and raised its price target from $145 to $184.
Portfolio Pulse from Benzinga Newsdesk
PDD Holdings shares are trading higher following an upgrade from Goldman Sachs, which raised the stock rating from Neutral to Buy and increased the price target from $145 to $184.
May 24, 2024 | 3:37 pm
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POSITIVE IMPACT
Goldman Sachs upgraded PDD Holdings from Neutral to Buy and raised the price target from $145 to $184, leading to a rise in the stock price.
The upgrade from a major financial institution like Goldman Sachs and the significant increase in the price target are strong positive signals for investors, likely driving the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100