Morgan Stanley opens Research Tactical Idea on PDD Holdings

Morgan Stanley analyst Eddy Wang opened at Research Tactical Idea on PDD Holdings (PDD) based on a belief that the share price will rise in absolute terms over the next 15 days. The State Administration for Market Regulation of China imposed penalties on seven e-commerce platforms in “Ghost Takeaway” cases involving PDD and others, notes the analyst, who adds that investors have been waiting for the regulation penalty outcome for PDD since the end of 2025. The firm, which thinks the market will view this penalty as a regulation overhang removal, believes this news could be seen as incrementally positive for PDD and its share price in the near-term. The firm has an Overweight rating and $148 price target on PDD shares.