Billionaire Chase Coleman’s 10 Stocks with Huge Upside Potential

5. PDD Holdings Inc. (NASDAQ:PDD)

Tiger Global Management LLC’s Stake Value: $254.96 Million

Upside Potential as of April 30: 35.89%

Number of Hedge Fund Holders: 85

PDD Holdings Inc. (NASDAQ:PDD) is a multinational commerce group that operates an e-commerce platform aiming to bring more businesses and people into the digital economy. The platform provides various product categories, including agricultural produce, apparel, and childcare products.

The launch of Temu, a cross-border marketplace available in over 40 countries, has been the catalyst for strengthening PDD Holdings Inc.’s (NASDAQ:PDD) growth metrics. The platform has expanded PDD Holdings’ footprint beyond China, allowing it to diversify its revenue base. It also delivered solid fourth quarter 2024 results characterized by a 24% revenue growth to $15.15 billion. The increase was driven by a 33% increase in revenue from transaction services. Its profit rose 14% to $3.5 billion in the quarter as net income jumped 18% to $3.76 billion.

The better-than-expected financials is one of the catalysts behind the stock rallying 7% year to date as the S&P 500 is down by about 6%. In March, Benchmark analysts reaffirmed their Buy rating and maintained a $160.00 price target for Pinduoduo Inc. (NASDAQ: PDD). Analysts on Wall Street are optimistic that PDD Holdings Inc. (NASDAQ:PDD) will grow at a compound annual growth rate of 38% to 2026 as it gains significant market share in China.