From Barchart:



Pinduoduo, or Zacks Rank #1 (Strong Buy) stock PDD Holdings, is a Chinese e-commerce platform founded in 2015 and has quickly become one of the largest e-commerce companies in China. PDD’s quarterly earnings and revenue have grown significantly, driven by its online marketplace, Temu, which offers heavily-discounted products. The company also offers unique features like group buying and interactive elements, and has a mobile-centric approach. Analysts predict that PDD’s rapid growth will continue, with double-digit earnings and revenue growth over the next few quarters. The company has a history of surpassing high EPS expectations and its stock price has seen significant growth after a recent earnings report. PDD’s relative strength versus other Chinese stocks and potential cooling of US/China tensions also contribute to its bullish outlook. The article concludes by recommending investors to expect higher share prices in the next six to twelve months. The Zacks Investment Research article also highlights Pinduoduo as one of the top 10 stocks for 2024.



Original: Bull of the Day: PDD Holdings (PDD)