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Friday, 05/24/2024 5:42:38 AM

Friday, May 24, 2024 5:42:38 AM

Post# of 364382
PDD Holdings price target raised to $224 from $178 at Barclays
Barclays raised the firm's price target on PDD Holdings to $224 from $178 and keeps an Overweight rating on the shares. The company's' Q1 results came in "far ahead" of estimates, especially around margins and profits, the analyst tells investors in a research note. The firm estimates that Temu was close to break-even in Q1, almost two years ahead of the firm's prior timeline.

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