Where is PDD Holdings (PDD) Headed According to Analyst?

PDD Holdings Inc. (NASDAQ:PDD) is one of the top high growth international stocks to buy right now. Analyst Joyce Ju from Bank of America Securities reiterated a Hold rating on PDD Holdings Inc. (NASDAQ:PDD) on August 26, raising the price target to $141.00 from $120.00.

The analyst told investors that while PDD Holdings Inc. (NASDAQ:PDD) surpassed expectations with its fiscal Q2 results and reported a significant profit beat, some concerns persist regarding the sustainability of these profits.

However, the same day, CMB International Securities analyst Saiyi He maintained a Buy rating on PDD Holdings Inc. (NASDAQ:PDD) and set a price target of $146.30.

The analyst reasoned that PDD Holdings Inc. (NASDAQ:PDD) reported a modest revenue growth in line with expectations, and significant cost savings in marketing expenses and sales resulted in a stronger-than-expected operating profit.

PDD Holdings Inc. (NASDAQ:PDD) is a Chinese multinational online commerce group and retailer that owns and operates a range of diverse businesses. It also has a strong logistics, sourcing, and fulfillment capabilities network that supports its operations.

The company owns Pinduoduo, a popular online commerce platform in China, and also runs the fast-growing e-commerce marketplace Temu. Temu now operates in more than 50 countries worldwide.

While we acknowledge the potential of PDD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.