Analysts Offer Insights on Consumer Cyclical Companies: KB Home (KBH) and PDD Holdings (PDD)
Analysts fell to the sidelines weighing in on KB Home (KBH) and PDD Holdings (PDD) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
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KB Home (KBH)
In a report released yesterday, Michael Rehaut from J.P. Morgan maintained a Hold rating on KB Home, with a price target of $48.00. The company’s shares closed last Friday at $50.91.
According to TipRanks.com, Rehaut is a 4-star analyst with an average return of
KB Home has an analyst consensus of Moderate Buy, with a price target consensus of $57.80, which is an 11.9% upside from current levels. In a report issued on March 26, TipRanks – PerPlexity also downgraded the stock to Hold with a $55.00 price target.
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PDD Holdings (PDD)
J.P. Morgan analyst Andre Chang maintained a Hold rating on PDD Holdings yesterday and set a price target of $110.00. The company’s shares closed last Friday at $99.81, close to its 52-week low of $88.01.
According to TipRanks.com, Chang is ranked #11712 out of 12128 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PDD Holdings with a $139.97 average price target, a 39.2% upside from current levels. In a report issued on March 26, DBS also maintained a Hold rating on the stock with a $117.10 price target.
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