Weekly Recap | PDD -2.82%, UBS cuts target to $146
Weekly Review·
- Pinduoduo shares fell 2.82 % this week to close at 75.38 USD, underperforming the S&P 500 amid weaker market sentiment and industry price wars.
- UBS lowered its target price for Pinduoduo to 146 USD, while institutional consensus maintained a buy rating with an average target price of 114.46 USD.
- Key factors to watch ahead include macroeconomic data releases, the stabilization of e-commerce competition, and the convergence of institutional targets with actual prices.