13 Best Cheap Stocks to Invest in for Beginners

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9. PDD Holdings Inc. (NASDAQ:PDD)

Forward P/E: 9.48

Number of Hedge Fund Holders: 85

PDD Holdings Inc. (NASDAQ:PDD) is a Chinese multinational online commerce group and retailer that owns and operates diverse businesses. It also has strong logistics, sourcing, and fulfillment capabilities that support its operations.

The company owns Pinduoduo, a popular online commerce platform in China, and also runs the fast-growing e-commerce marketplace Temu. Temu now operates in more than 50 countries worldwide.

PDD Holdings Inc. (NASDAQ:PDD) is the ninth-best cheap stock to buy for beginners. On May 12, Citi upgraded the company to Buy from Neutral, setting a $165 price target. Analyst sentiment for the stock is thawing after the de-escalation in the US and China trade war, with the two countries suspending tariffs on each other’s products for 90 days. The development has sparked interest among investors, contributing to positive market sentiment surrounding PDD Holdings Inc. (NASDAQ:PDD).

PDD Holdings Inc. (NASDAQ:PDD) also has solid operations and is focusing on a high-quality development strategy. It has been actively optimizing its platform ecosystem to deliver impactful results over the long run, and this strategy has helped the company report impressive financial results. It reported a 24% year-over-year revenue growth in fiscal Q4 2024, reaching RMB 110.6 billion.

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