Macquarie Upgrades PDD Holdings to Outperform, Raises Price Target to $224
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Ellie Jiang has upgraded PDD Holdings from Neutral to Outperform and increased the price target from $126 to $224.
October 07, 2024 | 11:32 am
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Macquarie has upgraded PDD Holdings to Outperform and raised the price target to $224, indicating a positive outlook for the stock.
The upgrade from Neutral to Outperform by Macquarie, along with a significant increase in the price target, suggests a strong positive sentiment towards PDD Holdings. This is likely to lead to a short-term increase in the stock price as investors react to the analyst's improved outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100