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.
The analyst told investors that while PDD Holdings Inc. 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. and set a price target of $146.30.
The analyst reasoned that PDD Holdings Inc. 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. 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.
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This article is originally published at Insider Monkey.
