11 Best E-commerce Stocks to Buy Now

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5. PDD Holdings Inc. (NASDAQ:PDD)

Number of Hedge Fund Holders: 73

PDD Holdings Inc. (NASDAQ:PDD) is one of the best e-commerce stocks to buy now. On January 28, Citi adjusted the price target on PDD Holdings Inc. (NASDAQ:PDD) to $142 from $170 while maintaining a Neutral rating on the shares. The rating update came ahead of the fiscal Q4 report, with the firm telling investors that it sees slowing domestic retail sales offsetting a recovery of the U.S. traffic for Temu. Citi also expects increased expenses affecting PDD Holdings Inc.’s (NASDAQ:PDD) profitability in 2026.

Previously, Citi stated on January 21 that the State Taxation Administration of Shanghai announced a fine of Rmb 100,000 on PDD Holdings Inc. (NASDAQ:PDD) on its failure to complete rectification within the stipulated time period. The firm stated that following onsite checks reports by regulators, the fine is “smaller-than-feared”, and that it sees the announcement as removing an overhang on the stock’s shares.

In another development, Citi added a “downside 30-day catalyst watch” on PDD Holdings Inc. (NASDAQ:PDD) on January 20, maintaining a Buy rating on the shares with a $170 price target. It told investors that it sees further downside in the shares after Bloomberg reported on a deepening investigation of PDD Holdings Inc. (NASDAQ:PDD) by Chinese regulators. Citi added that a formal investment or announcement by the company acknowledging the investigation could further propel additional share downside.

PDD Holdings Inc. (NASDAQ:PDD) is a Chinese multinational online commerce group and retailer that owns and operates a range of diverse businesses, with a solid logistics, sourcing, and fulfillment capabilities network that supports its operations. The company owns Pinduoduo, a popular online commerce platform in China, and also runs the fast-growing e-commerce marketplace Temu.

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