CMB International Securities analyst Saiyi He maintained a Buy rating on PDD Holdings today and set a price target of $146.30.
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Saiyi He has given his Buy rating due to a combination of factors, primarily driven by PDD Holdings’ better-than-expected financial performance. The company’s revenue growth, although modest, was in line with expectations, and significant cost savings in sales and marketing expenses contributed to a stronger operating profit than anticipated.
Despite the challenges posed by changes in U.S. policy and a competitive market, PDD Holdings has shown resilience through strategic investments aimed at enhancing its platform ecosystem and supply quality. The anticipated growth in earnings, particularly in the fourth quarter of 2025, and the upward revision of the target price reflect confidence in the company’s future performance, justifying the Buy recommendation.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a $165.00 price target.