11 Best and Cheap Stocks to Buy Right Now

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8. PDD Holdings Inc. (NASDAQ:PDD)

Forward P/E Ratio: 13.35

Number of Hedge Fund Holders: 65

PDD Holdings Inc. (NASDAQ:PDD) is one of the Best and Cheap Stocks to Buy Right Now. On September 8, Reuters reported that the major Chinese e-commerce players are fighting a pricing war to win instant retail market share. This war is expected to depress the companies’ short to medium-term profits.

PDD Holdings Inc. (NASDAQ:PDD) is also facing challenges as other key players in the industry have been flooding customers with discounts and coupons to win market share. Co-CEO of the company, Zhao Jiazhen, noted that the industry competition further intensified throughout the second quarter of 2025.

Despite the tough competition, PDD Holdings Inc. (NASDAQ:PDD) topped Wall Street estimates with EPS of $3.09, ahead by $1.03, and the revenue of $14.54 billion also topped estimates by $178.40 million. However, Zhao Jiazhen noted the quarter’s profit levels to be unsustainable due to the tough pricing competition and cautioned investors to expect fluctuations in future quarters.

Wall Street remains largely bullish on PDD Holdings Inc. (NASDAQ:PDD), with some analysts having a cautious outlook. On August 26, Saiyi He from CMB International Securities raised the price target on the stock from $134.5 to $146.3, while maintaining a Buy rating on the stock. More recently, on August 27, Tsz from DBS maintained a Hold rating on the stock with an associated price target of $120.

PDD Holdings Inc. (NASDAQ:PDD) is a multinational commerce company that connects businesses and consumers through digital platforms.

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