Macquarie analyst Ellie Jiang lowered the firm’s price target on PDD Holdings (PDD) to $126 from $153 and keeps an Outperform rating on the shares. The firm attributes the Q1 2025 miss to lower Temu sales amid geopolitical turbulence, and increased support to domestic merchants. Considering certain subsidies related to trade-in program categories, spending could rationalize towards year-end 2025, Macquarie says.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PDD:
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories
- U.S. extends EU tariff deadline, Salesforce to acquire Informatica: Morning Buzz
- PDD Earnings: Stock Sinks after Missing Estimates
- PDD Holdings price target lowered to $121 from $156 at Jefferies
- Morning Movers: Informatica and Salesforce gain after $8B transaction