Weekly Recap | PDD +5.62%, consensus target above spot
Weekly Review·
- PDD Holdings accumulated a 5.62 % weekly gain to close at 83.03 dollars, outperforming the S & P 500 by about 8.3 percentage points amid a broader rally in Chinese stocks.
- Institutional ratings showed 17 buy recommendations and an average target price of 115.29 dollars, representing a potential upside of approximately 38.9 % from its current price.
- Market participants are closely watching the upcoming United States inflation data on November 10 and PDD's third-quarter financial results scheduled for November 24.