BofA Cuts PT on PDD Holdings (PDD) – Here’s Why

2 hours ago 2

Noor Ul Ain Rehman

Wed, June 24, 2026 astatine 7:15 AM CDT 2 min read

PDD Holdings Inc. (NASDAQ:PDD) is 1 of the apical high-conviction stocks to bargain according to hedge funds. BofA chopped the terms people connected PDD Holdings Inc. (NASDAQ:PDD) to $113 from $140 connected June 15 and maintained a Neutral standing connected the shares. The steadfast told investors that it lowered its 2026-27 gross forecasts by 6% and adjusted its nett net presumption by 21%-22% to instrumentality into relationship the accrued ecosystem investments, which see committee rebates, merchant postulation support, and platform-funded coupons booked arsenic contra revenue.

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PDD Holdings Inc. (NASDAQ:PDD) besides received a standing update from Barclays connected May 28. The steadfast downgraded the banal to Equal Weight from Overweight, bringing the terms people connected the banal down to $89 from $165. The steadfast told investors successful a probe enactment that PDD Holdings Inc. (NASDAQ:PDD) reported its lowest non-GAAP nett borderline successful 5 years successful fiscal Q1. Barclays believes that the company's China gross deceleration is apt to proceed arsenic its monetization faces headwinds, and added that PDD Holdings Inc. (NASDAQ:PDD) is entering the backstage statement market, which could origin "friction" with merchants.

PDD Holdings Inc. (NASDAQ:PDD) is simply a Chinese multinational online commerce radical and retailer that owns and operates a scope of divers businesses. It besides has a beardown logistics, sourcing, and fulfillment capabilities web that supports its operations. The institution owns Pinduoduo, a fashionable online commerce level successful China, and besides runs the fast-growing e-commerce marketplace Temu.

While we admit the imaginable of PDD arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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