CMB International Securities analyst Saiyi He maintained a Buy rating on PDD Holdings today and set a price target of $154.30.
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Saiyi He has given his Buy rating due to a combination of factors that highlight PDD Holdings’ strong financial performance and strategic initiatives. The company’s third-quarter results for 2025 exceeded expectations, with a notable increase in revenue and earnings swinging to positive, driven by better-than-anticipated operating expense management and significant interest and investment income.
Furthermore, Saiyi He is optimistic about PDD Holdings’ long-term growth prospects, supported by its RMB100 billion support program aimed at enhancing its platform ecosystem. This initiative, while impacting short-term marketing revenue growth, is expected to strengthen PDD’s competitive position in the e-commerce industry. Additionally, the company’s ability to achieve cost savings in sales and marketing expenses underscores its operational efficiency, contributing to a positive outlook and the decision to maintain a Buy rating.
In another report released today, Benchmark Co. also maintained a Buy rating on the stock with a $160.00 price target.