Reported 1 day ago
China Galaxy International has downgraded the price target for PDD Holdings Inc. (NASDAQ:PDD) from $164 to $112 while maintaining a Hold rating. This change comes amidst uncertainties related to U.S. tariffs affecting the company's e-commerce platform, Temu, which saw a 48% decline in daily U.S. users in May compared to March. Despite its potential, analysts suggest that other AI stocks may offer better investment opportunities.
Source: YAHOO