Freedom Capital raised the firm’s price target on PDD Holdings (PDD) to $170 from $140 and keeps a Buy rating on the shares after the company delivered mixed quarterly results. PDD continued to demonstrate resilience by adapting to U.S. tariffs and the removal of the de minimis duty-free threshold for shipments from China. However, margin pressure is expected to persist at least over the medium term as the company prioritizes investment with a long-term focus, the firm says.
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