Barclays Maintains Overweight on PDD Holdings, Lowers Price Target to $158
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao maintains an Overweight rating on PDD Holdings but lowers the price target from $224 to $158.
August 27, 2024 | 2:17 pm
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Barclays has maintained its Overweight rating on PDD Holdings but has significantly lowered the price target from $224 to $158, indicating a more cautious outlook.
The reduction in the price target from $224 to $158 by Barclays suggests a more cautious outlook on PDD Holdings, which could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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IMPORTANCE 80
RELEVANCE 100