PDD Holdings Stock Is Beaten Down Now, but It Could 10x

The Chinese e-commerce leader's pullback could be a great buying opportunity.PDD's (PDD 2.33%) stock closed at a record high of $202.82 on Feb. 17, 2021. That represented a 10-bagger gain from its IPO price of $19 on July 26, 2018. The bulls were impressed by the Chinese e-commerce leader's explosive growth rates, and the temporary buying frenzy in hyper-growth stocks amplified its gains.But today, PDD trades at about $95. It shed over half of its value as its growth cooled and rising rates compressed its v ...