Reported 1 day ago
Bank of America Securities reaffirms its Hold rating on PDD Holdings Inc. (NASDAQ:PDD) while raising the price target to $141 from $120. Despite strong Q2 results exceeding expectations, concerns linger over the sustainability of profits due to high seasonality and competitive pressures. PDD, a major online commerce group in China, continues to expand its market presence, but analysts suggest that other AI stocks may offer better investment potential.
Source: YAHOO