🎁$PDD Breaks 52 Weeks High After Morgan Stanley Gives Optimistic Outlook on TEMU US

Trend_Radar
2023-10-12

1. $Pinduoduo Inc.(PDD)$ $Pinduoduo Inc.(PDD)$ price breaks 52 weeks high

2.What May Drive $Visa(V)$ ‘s Price Higher？

  • Strong Earnings: The operator of the Chinese e-commerce platform $Pinduoduo Inc.(PDD)$ and international marketplace Temu reported a 66% revenue jump to $7.21 billion for the quarter ended June 30. Meanwhile, analysts surveyed by FactSet expected sales of $5.95 billion. The company earned an adjusted $1.44 per U.S. share, also ahead of analyst estimates of $1. After the earning release it has rise 34% to the date on 11 OCT.

  • Business: $Pinduoduo Inc.(PDD)$ has risen to the #2 e commerce platform in China (ahead of $Alibaba(BABA)$ ), Morgan Stanley’s latest report shows, TEMU US will add >$8b in incremental GMV in 2023, making it the third largest share gainer in Retail behind $Amazon.com(AMZN)$ and $Wal-Mart(WMT)$.

  • Valuation: $Pinduoduo Inc.(PDD)$‘s current price-to-earnings ratio (TTM) is 25.76, lower than the industrial average data at 66%.

  • Target Price From Tiprank: Based on 14 Wall Street analysts offering 12 month price targets for $Pinduoduo Inc.(PDD)$ in the last 3 months. The average price target is $120.71 with a high forecast of $140.00 and a low forecast of $95.00. The average price target represents a 9.67% change from the last price of $110.07.

  • YTD 2023: $Pinduoduo Inc.(PDD)$ gained 12.24% in october, which has experienced a 3-month gain of 41%% in Q3 and the YTD 2023 is 34.97%.

3.Other Discussions on $Pinduoduo Inc.(PDD)$

JP Morgan is optimistic about $Pinduoduo Inc.(PDD)$ , with a target price of $110.

According to @OptionsBB Options Spy | Pdd shares continued to rise, and call options continued to be bought

@PDD bulls try to take back control from Tradingview：its climbing back above bullish trend support, but we still need to clear 110 level before it takes off in my opinion..Looking for rally to $129-146 once I get confirmation. 🎯 boost/like and follow for more.. thanks 💚

4. Question for Tigers

  • How do you like the $Pinduoduo Inc.(PDD)$ ? What’s your target?

  • Any other stocks are shaping the same pattern?

💰 Stocks to watch today?(19 Dec)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
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