Alibaba Rival PDD Has Major Upside with New Market Openings and Rising Adoption: Analysts - PDD...

Published on 24 May 2024 on Benzinga

Alibaba Rival PDD Has Major Upside with New Market Openings and Rising Adoption: Analysts - PDD...

PDD Holdings Inc PDD shares are trading higher after multiple analysts raised their price targets on the stock following the company's first-quarter results.

On Thursday, PDD reported fiscal first-quarter 2024 revenue growth of 131% year-on-year to $12.02 billion (86.81 billion Chinese yuan), beating the analyst consensus of $10.65 billion.

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NASDAQ.PDD price evolution

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Alibaba Rival PDD Has Major Upside with New Market Openings and Rising Adoption: Analysts - PDD...

NASDAQ.PDD price evolution

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