Where is PDD Holdings (PDD) Headed According to Analyst?

PDD Holdings Inc. (NASDAQ:PDD) is one of the top high growth international stocks to buy right now. Analyst Joyce Ju from Bank of America Securities reiterated a Hold rating on PDD Holdings Inc. (NASDAQ:PDD) on August 26, raising the price target to $141.00 from $120.00.

PDD Holdings Inc. (PDD): Jim Cramer Shares "Death Rattle" For Firm

The analyst told investors that while PDD Holdings Inc. (NASDAQ:PDD) surpassed expectations with its fiscal Q2 results and reported a significant profit beat, some concerns persist regarding the sustainability of these profits.

However, the same day, CMB International Securities analyst Saiyi He maintained a Buy rating on PDD Holdings Inc. (NASDAQ:PDD) and set a price target of $146.30.

The analyst reasoned that PDD Holdings Inc. (NASDAQ:PDD) reported a modest revenue growth in line with expectations, and significant cost savings in marketing expenses and sales resulted in a stronger-than-expected operating profit.

PDD Holdings Inc. (NASDAQ:PDD) is a Chinese multinational online commerce group and retailer that owns and operates a range of diverse businesses. It also has a strong 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. Temu now operates in more than 50 countries worldwide.

While we acknowledge the potential of PDD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PDD and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.