PDD Holdings

[PDD (PDD US, BUY, TP US$88) TP Change]: Facing Stiff China Competition and Rising Temu Costs

379 Views05 Jul 2023 08:29
We expect PDD to report 1Q23's revenue and non-GAAP net income (5.4%) and (5.6%) vs. consensus, respectively.  We cut PDD’s FY23 EPS by 3.7% and TP to US$ 88 but maintain its BUY rating.
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Top 5%
Blue Lotus Research Institute
China growth and global non-US Internet equities
Hong KongInformation Technology & Consumer DiscretionaryEquity Bottom-UpThematic (Sector/Industry)