Temu Parent Company PDD Faces Slight Selling Pressure Ahead Of Q2 Earnings: Bullish Trends Vs. Bearish Blips
Portfolio Pulse from Surbhi Jain
PDD Holdings Inc (NASDAQ:PDD) is experiencing slight selling pressure ahead of its Q2 earnings report, despite several bullish technical indicators. The stock is trading above key moving averages, and analysts have set a price target suggesting a 44.85% upside. Wall Street expects $2.73 EPS and $14 billion in revenues.
August 23, 2024 | 5:03 pm
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PDD Holdings is facing slight selling pressure ahead of its Q2 earnings report. Despite this, technical indicators suggest potential bullish momentum, and analysts have set a price target indicating a 44.85% upside. Wall Street expects $2.73 EPS and $14 billion in revenues.
PDD is experiencing slight selling pressure, but several technical indicators, such as trading above key moving averages and a positive MACD, suggest potential bullish momentum. Analysts have set a price target with significant upside, and Wall Street's expectations for EPS and revenue are positive.
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