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<Research> Citi Cuts PDD Holdings Inc. (PDD.US) TP to USD142, Adjusts Operating Expense and Earnings Forecasts
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Citi issued a report expecting PDD Holdings Inc. (PDD.US) to announce its 1Q26 results by end-May. It maintained its revenue forecasts unchanged, but conservatively adjusted its operating expense and earnings forecasts to reflect the impact of regulatory fines. Entering 2Q26 and 2H26, the bank expects PDD Holdings Inc. to reiterate its commitment to investment in supply chain and rural logistics, while strengthening product and merchant compliance requirements for Temu. Management is expected to maintain a cautious tone on intense competition, tightening regulatory environment and earnings pressure. After revising its forecasts, Citi slightly lowered its TP for PDD Holdings Inc. to USD142, while maintaining a Buy/High Risk rating. (ha/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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