Citi Cuts PDD Holdings Inc. TP to USD142, Adjusts Operating Expense and Earnings Forecasts
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Citi has adjusted its target price for PDD Holdings Inc. to USD 142 while maintaining a Buy/High Risk rating. The bank expects PDD to announce its 1Q26 results by the end of May, keeping revenue forecasts unchanged but revising operating expenses and earnings forecasts due to regulatory fines. PDD is anticipated to focus on supply chain investments and compliance amid a competitive and regulatory environment.
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