Citi Lowers PT on PDD Holdings to $142, Keeps Neutral Rating Ahead of Q4 2025 Earnings

PDD Holdings Inc. (NASDAQ:PDD) is one of the Top 15 Chinese Companies on US Exchanges.

On January 28, TheFly reported that Citi lowered the price target on PDD Holdings Inc. from $170 to $142, keeping a Neutral rating on the stock. The price target still implies more than 35% upside as of January 28.

Of the 44 analysts covering PDD, 68% rate the stock Buy, 30% Hold, and 2% Sell. The median price target of $151.29 represents an upside of almost 44%.

Alicia Yap from Citi downgraded the price target on PDD Holdings ahead of the Q4 2025 results release. Yap sees slowing domestic retail sales offsetting a recovery of Temu U.S. traffic. The analyst expects higher expenses to affect PDD Holdings’ profitability in 2026.

In the previous rating update, Citi pointed out the company’s fine of ¥100,000 from the State Taxation Administration of Shanghai was ‘smaller-than-feared.’ Yap reiterated that this was a positive development for PDD, removing uncertainty and clearing negative factors that had been impacting the company’s share price.

PDD Holdings Inc. is a multinational commerce group that owns and operates various businesses. The company operates two famous e-commerce brands, including Pinduoduo and Temu.

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This article is originally published at Insider Monkey.