PDD Holdings Stock Has 34% Upside, According to 1 Wall Street Analyst

After soaring in 2023, share prices of PDD Holdings (PDD 5.60%) are down 20% so far this year. However, the company, which operates Pinduoduo and Temu, has been gaining market share against other e-commerce platforms in China. This presents a buying opportunity for investors, according to analysts at Jefferies.The firm recently upgraded the stock to buy with a price target of $157, representing a 33% upside from the current share price of $118.Why Wall Street is bullish on PDDPDD hasn't reported fourth-quar ...