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PDD Holdings (PDD) Gets a Hold from DBS

Tipranks - Tipranks - Thu Mar 26, 8:46PM CDT

In a report released today, Sachin Mittal from DBS maintained a Hold rating on PDD Holdings, with a price target of $118.00.

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According to TipRanks, Mittal is a 5-star analyst with an average return of 20.9% and a 68.15% success rate. Mittal covers the Technology sector, focusing on stocks such as Grab, International Business Machines, and Accenture.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PDD Holdings with a $136.00 average price target.

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Based on PDD Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $108.28 billion and a net profit of $29.33 billion. In comparison, last year the company earned a revenue of $99.35 billion and had a net profit of $24.98 billion

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