Based on 12 Wall Street analys

Based on 12 Wall Street analysts offering 12 month price targets for PDD Holdings in the last 3 months. The average price target is $182.78 with a high forecast of $226.00 and a low forecast of $136.00. The average price target represents a 24.53% change from the last price of $146.77 $PDD Holdings Inc(PDD)$

BABA vs. PDD: Which Company is Your Pick?

Pinduoduo rises 5% after earnings beats. Revenue for Q1 2024 was 86.81 billion yuan, an increase of 131% year-over-year. It exceeds the market expectation of 75.6 billion yuan. Alibaba and Pinduoduo both has a relatively low P/E. But it's very hard to bet on Chinese stocks. Alibaba declines 3% as it is considering selling convertible bonds to raise $5 billion. ------------- If you want to buy China's e-commerce company, which is your pick?

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