Heeeeads UP!
$Pinduoduo Inc.(PDD)$ will release earnings on November 28.
This could be the most surprising Chinese ER of the season.
$Alibaba(BABA)$ , $JD.com(JD)$ and others easily beat the downbeat estimates.
Most CN investors expected that.
$Pinduoduo Inc.(PDD)$ faces accusations that TEMU is spending aggressively and losing money.
Temu, PDD's overseas e-commerce platform, aims for a 2024 gross merchandise value of $30B-double its 2023 forecast. To achieve this, Temu plans to spend $2-3B on marketing and increase its online ad budget significantly.
Read more: How Much Did the Temu from $PDD Spend on META?
Will they meet or beat estimates as they scale TEMU's business?
Temu $Pinduoduo Inc.(PDD)$ vs AliExpress $Alibaba(BABA)$ in the US
This was from JPM in October. The profit side of TEMU seems wildly optimistic no?
Revenue will definitely be strong, but earnings could be a nail-biter! Mark it on your calendars!
The analysts’ average price target for $Pinduoduo Inc.(PDD)$ Holdings is $125.53. $Pinduoduo Inc.(PDD)$ is worth in the $120-150 range?
Comments
$拼多多(PDD)$ . currently has an average brokerage recommendation (ABR) of 1.23, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 11 brokerage firms. An ABR of 1.23 approximates between Strong Buy and Buy.
Of the 11 recommendations that derive the current ABR, nine are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 81.8% and 9.1% of all recommendations.
Brokerage Recommendation Trends for PDD
Broker Rating Breakdown Chart for PDD