Top Wall Street Forecasters Revamp PDD Holdings Expectations Ahead Of Q2 Earnings
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PDD Holdings Inc. (NASDAQ:PDD) is set to release its Q2 earnings on Aug. 25, with expectations of $1.69 per share and $14.35 billion in revenue. Following disappointing Q1 results, shares fell 0.5% to $118.34. Analysts have mixed ratings: Benchmark's Fawne Jiang maintains a Buy but lowers the price target to $128, while Jefferies' Thomas Chong also keeps a Buy but cuts the target to $121. Citigroup's Alicia Yap upgraded to Buy with a target of $165, and Nomura's Jialong Shi downgraded to Neutral with a target of $130.
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