Benchmark Maintains Buy on PDD Holdings, Lowers Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Fawne Jiang maintains a Buy rating on PDD Holdings but lowers the price target from $230 to $185.

August 27, 2024 | 1:08 pm
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NEUTRAL IMPACT
Benchmark analyst Fawne Jiang maintains a Buy rating on PDD Holdings but lowers the price target from $230 to $185, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in PDD Holdings' potential, but the lowered price target reflects a more cautious outlook, possibly due to market conditions or company performance. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100