PDD Holdings May See Earnings Recovery This Year -- Market Talk
Dow Jones03-27 15:41
0741 GMT - PDD Holdings is likely to see an earnings recovery this year, Morningstar's Chelsey Tam says after the company reported results largely in line with expectations. The on-year decline in operating margin narrowed in 4Q 2025, the analyst points out. Tam expects profitability is likely to improve in 2026 as subsidy pressure eases. "We think the market is overly concerned about management's frequent comments that long-term investments will negatively affect financial performance," Tam says. She keeps her fair value at $154.00 for its ADRs, which last traded at $100.62. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
March 27, 2026 03:41 ET (07:41 GMT)
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