Citigroup Maintains Buy Rating for PDD Holdings: Here's What You Need To Know

Citigroup has decided to maintain its Buy rating of PDD Holdings PDD and raise its price target from $100.00 to $105.00.

Shares of PDD Holdings are trading down 5.47% over the last 24 hours, at $67.52 per share.

A move to $105.00 would account for a 55.52% increase from the current share price.

About PDD Holdings

PDD Holdings PDD is a multinational commerce group that owns and operates a portfolio of businesses. PDD Holdings aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD Holdings has built a network of sourcing, logistics, and fulfilment capabilities, that support its underlying businesses.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.